Etowah Terrace sale deadline extended through October
by Doug Walker
Aug 24, 2010 | 700 views | 6 6 comments | 12 12 recommendations | email to a friend | print
The South Rome Redevelopment Agency has agreed to extend the deadline to close on the sale of property on Etowah Terrace through the end of October.

“Mercy is eager for us to enter into this agreement,” said South Rome Redevelopment Agency Chairman Jim Keaten. “We are going forward with all deliberate speed.”

Mercy Housing is proposing a 77-unit senior living apartment complex at the corner of South Broad Street and Etowah Terrace, a project that is being held up by a challenge to the rezoning of the property.

They had hoped to close by the end of this month.

Opponents of the Etowah Village project won a victory last week when the Georgia Court of Appeals agreed to hear a discretionary appeal of Floyd Superior Court Judge J. Bryant Durham’s dismissal of the legal action in June.

“We’re very fortunate that we picked the right development partner,” said Karen Moore, executive director of the South Rome Redevelopment Agency. “I don’t know if we had picked a for-profit developer that they would have stayed with us.”

Representatives of Mercy Housing were in Rome on Tuesday, meeting with Georgia Power officials at the Etowah Terrace property. Mercy has agreed to pay $420,000 for the property for the first phase of its proposed development in South Rome.

Comments
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westsidegeek
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November 08, 2010
So here we are in November, what gives?
Mohican
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August 27, 2010
sourcebook wrote on Wednesday, Aug 25 at 11:41 AM »

Karen Moore and the Darien DDA did not do the Settler's Bluff projec

May I ask where you got your information? I got mine from Ms. Moore's resume and from the Altamaha Riverkeeper(in Darien no less). Here is a direct quote from Ms. Moore's resume, "Prepared a successful OneGeorgia grant application for $500,000.00 which leveraged a $18,000,000.00 waterfront project including a public park, new docks, a successful seafood restaurant and oyster bar, and 43 condominiums."

That, sourcebook, is Settler's Bluff. Her resume also states her position and I quote, "Better Hometown Manager and Director of Darien Downtown Developemnt Authority (DDA) and Historic Darien, Inc." So why is Ms. Moore back tracking on her own resume?
MassYankee
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August 25, 2010
Interesting – Karen Moore is retiring on October 1, 2010 (article 7/21/2010 in RNT) yet the deadline for the sale has been pushed back until end of October? I guess Mercy is willing to stick it out longer than Mrs. Moore. Or is this just another play in the city’s struggle to maintain the little support that remains in favor of this awful project?

I think it is time the city say good by and good riddance to Mrs. Moore and disband South Rome Redevelopment. Many communities across the country have managed to turn distressed neighborhoods around by simply empowering the residents and creating community input groups. I am sure this would cost this city much less than the 65,000 – 70,000 a year that they funnel to the Agency and you would see faster results that do not involve multi-family housing.

sourcebook
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August 25, 2010
Karen Moore and the Darien DDA did not do the Settler's Bluff project.
Mohican
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August 25, 2010
It is becoming painfully obvious that Ms. Moore will do anything to avoid another "black eye" like Settler's Bluff in Darien.
westsidegeek
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August 25, 2010
So they have managed to extend the date an additional 60 days. Wonder if the fact that South Rome Redevelopment already owes Mercy Housing $300,000 for the loan taken out in January 2009 to purchase 21 parcels of the Etowah Terrace properties has anything to do with Mercy’s willingness to extend the deadline?

Also, this is a DCA Low Income Housing Tax Credit Project. As with any government grant funded project there are deadlines. Does anyone know what the illusive deadline date is for Mercy to begin construction or lose funding?

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