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New Albany Real Estate, Development & Community: Village Council Seeks $10 Million in Stimulus Funds

New Albany Village Council has been petitioning to the federal government to get a slice of the 2009 American Recovery and Reinvestment Act stimulus funds.

At present the village has applied for around $10 million in funds to assist many different projects the village is undertaking. For instance $6 million could go to putting in infrastructure in the nearly 870 acres of the village that lies in the Licking Heights Local School District in Licking County. This project alone is expected to create 800 jobs. The rest of the potential funds could go towards other projects like resurfacing roads and connecting the leisure-trail system to the village’s northern subdivisions. Currently the village of New Albany has 24 miles of well connected walking trails and the aim is to connect all sections of the community to create a way for residents to easily walk to the village center.

Even if the village’s request for some of the funds is rejected other state and local entities which the village is connected to or falls under their jurisdiction could mean that some projects inadvertently benefit from the money.

This is definitely exciting times for the village and the surrounding area – even in Gahanna, the city  plans to apply for 22 projects totaling about $59-million.

Definitely watch this space for further updates soon – subscribe to our Blog using our RSS Feed!

If you are looking to purchase a property in New Albany, Gahanna, Blacklick, Westerville, or another Central Ohio community, please contact The Raines Group. We offer professional real estate advice and are happy to help you achieve your real estate goals. Please contact us today via our online contact form or by calling The Raines Group at 614-418-7417.

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