News and Tribune

Recent Local News

July 10, 2013

Coffey persistent on Midtown audit

Fire station conveyed for Kroger expansion deal

(Continued)

NEW ALBANY —

New Albany’s NSP program is regularly audited by the state, but Coffey said he would call the State Board of Accounts and request it pay special attention to how the project has been managed. Though it may fit within federal guidelines, Coffey said he’s uncomfortable with how much of the grant has been spent on administrative costs. 

According to documents provided by the city and New Directions, developer fees for the project totaled $712,800 as of May. 

“They made a huge profit,” Coffey said. 

In 2011, city officials said New Directions could claim up to $660,000 in developer fees and $342,823 for program delivery activities or costs they incur associated with the project. Also in 2011, state officials said up to 10 percent of the federal grant could be spent on administration costs. 

David Duggins, director of economic development and redevelopment for the city, said that with some grants winding down, the administration is reviewing how they have been managed. He didn’t specifically address how the administration views New Direction’s handling of the NSP project during the meeting, but has said in the past he’s pleased with the results of the effort in Midtown. 

In May, New Directions Chief Operating Officer Lisa Thompson said the NSP project has cut down on vacant properties and improved conditions in the Midtown neighborhood. 

“Investments will continue to benefit New Albany from what has already been accomplished,” she said. 

According to Thompson, New Directions has been informed that, along with the city, it will receive a regional historic preservation award from Indiana Landmarks for the Midtown project. 

After incentive assistance and other fees were paid, the city has collected about $983,000 that can be used to redevelop other vacant properties. 

Duggins said the administration has been acquiring some properties at cheap costs through tax sales, as well as receiving donated houses from banks and other sources. Those properties can be redeveloped through another wave of NSP work driven by the money collected from the initial phase. 

Text Only | Photo Reprints
Recent Local News
LOCAL MAGAZINES
Easter 2014 photos


Click on any photo to purchase it.

SPECIAL CONTENT
Twitter Updates
Follow us on twitter
Hyperlocal Search
Premier Guide
Find a business

Walking Fingers
Maps, Menus, Store hours, Coupons, and more...
Premier Guide
AP Video
Disabled Veterans Memorial Nearing Completion Last Mass Lynching in U.S. Remains Unsolved Home-sharing Programs Help Seniors Ex-NYC Mayor: US Should Allow Flights to Israel Clinton: "AIDS-Free Generation Within Our Reach" Judge Ponders Overturning Colo. Gay Marriage Ban Airlines Halt Travel to Israel Amid Violence NYPD Chief Calls for 'use of Force' Retraining VA Nominee McDonald Goes Before Congress Bush: Don't Worry, Sugarland Isn't Breaking Up US Official: Most Migrant Children to Be Removed Police Probing Brooklyn Bridge Flag Switch CDC Head Concerned About a Post-antibiotic Era Raw: First Lady Says `Drink Up' More Water Courts Conflicted Over Healthcare Law Holder Urges Bipartisanship on Immigration Raw: Truck, Train Crash Leads to Fireball US Airlines Cancel Israel Flights Obama Signs Workforce Training Law Crash Victims' Remains Reach Ukraine-held City
2013 Photos of the year


Take a look at our most memorable photos from 2013.