Friday, February 5, 2010

Who is UpTown Reinvestment?

What is Uptown Reinvestment Corp?
See comment here for who.


A Non profit development organization created by the DDA and the Focus Council during the Stanley Administration to address redevelopment of the downtown district.

It was to be co chaired by the Director of Uptown and by the Focus Council. Inez Brown is the current chair.

Tim Herman is the President. This is not a board run organization.Don't confuse them with the Uptown Investors, private developers that have put some private dollars into the developments.

The Investors, not the nonprofit own other vacant buildings in downtown- the former Metropolis building, Genesee Bank Building, Gauranty title building. Uptown nonprofit owns the former RDA building, Woolworth Building, and Walgreen Drug Store Buildings, some purchased by the Mott Foundation.

It seems to me they have a lot on their plate before they try taking over the parking downtown.

It was the Uptown Investors that badmouthed the DDA and City for not moving ahead on the parking lot.

It was them that had a gentelmens agreement that Rowe and Wade Trim would use the new parking ramp.

Rowe instead took parking in the County ramp at an undercut rate.

It was the Uptown Investors that went to City Council and got a 15 year extension to the Ren Zone.

This reduced the money that the DDA has available to pay its bills.The Uptown Reinvestment Corp does not have the staff to operate the parking downtown. Parking should remain in public hands to control the costs.

Uptown should be working with the DDA to obtain Mott Foundation Funding to pay the parking lot debt until the project and taxes will cover the cost which is projected in a couple of years.

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