Five Delaware towns share $3.6M in downtown grants
DOVER (AP) — Another round of redevelopment projects in five downtown areas across Delaware will move forward, thanks in part to support from state taxpayers.
Gov. Jack Markell announced Tuesday that 16 commercial, residential and mixed-use projects throughout the state will share nearly $3.6 million in state grants provided by the Downtown Development Districts program.
Towns recently chosen for the program are Smyrna, Milford, Harrington, Georgetown and Laurel.
The goal is to use a small amount of public funding to attract larger investments from private developers in towns that want to revitalize their downtown areas. The grants are awarded to developers after all the work is complete, matching 20 percent in construction costs.
Planned projects include turning an old bank building in downtown Milford into a restaurant.