Press Release: February 18, 2013
City Planning to Amend Redevelopment Area #2
FOR IMMEDIATE RELEASE: 2/18/2013
For more information contact:
Issued by: Office of the Mayor Donna Olson, Mayor
Area to expand east, encompassing most of downtown Stoughton
The City of Stoughton Redevelopment Authority (RDA) has begun work on expanding Redevelopment Area #2, a step that is needed for the RDA to administer the City’s planned downtown revolving loan fund (RLF). The process kicked off with the RDA deciding on the amended boundary at its February 13th meeting. The new boundary will now stretch from South Prairie Street on the west to South Fifth Street on the east. The RDA also forwarded a property condition report to the City Council for consideration at its February 26th meeting.
“The state requires the RDA and the City to approve a plan for the area before the RDA can carry out any activities, such as managing an RLF. Part of the planning process is a study of property conditions – the Council has to find that more than 50 percent of the area contains ‘blighted’ property. While the term can be controversial, expanding the boundary will allow the City and RDA to assist businesses and property owners in making improvements to their buildings,” said Scott Truehl, RDA chair.
In addition to gathering feedback from downtown property owners via a survey on the RLF, the RDA will be holding a public hearing on the proposed expansion of the Redevelopment Area #2 boundary. The hearing is scheduled for April 10th.
“The RDA has been active in the Rail Corridor area of the City already – facilitating the 33-unit apartment development by Movin’ Out along the Yahara River and acquiring the dilapidated Highway Trailer building for redevelopment,” said Mayor Donna Olson. “With its mission of revitalizing central Stoughton, it’s the perfect fit for administering the proposed downtown revolving loan fund.”
City to purchase former Stoughton Trailers Building
Council members last Tuesday gave the go-ahead to the Stoughton Redevelopment Authority (RDA) to purchase an unused building from Stoughton Trailers along the Yahara River...Read full article
RDA brings new life to historic areas of Stoughton
A Capital Newspapers Supplement
Like most American cities founded in the past couple hundred years, Stoughton has a core area near downtown that has become run down. However, one organization is dedicated to improving the area for living and shopping, resulting in the rebirth of a part of town that was headed toward plight... Read full article