Wells has plan to fight blight
The city of Wells wants your blighted property.
So, council members have approved a financial partnership between the city and its House Redevelopment Authority (HRA) to implement the Phoenix Project.
“From ashes comes re-birth,” says City Administrator Jeremy Germann in explaining the venture’s name.
Germann was referring to the mythological firebird — phoenix.
Over the next 10 years the city and HRA will each commit $100,000 to purchase blighted houses from interested persons or tax-forfeited property from the county.
The Phoenix Project is expected to begin next year and its goals are simple:
• improve the local housing stock;
• expand the tax base by increasing property value;
• and create additional buildable lots.
Germann says the availability of affordable housing is essential in attracting businesses and creating jobs.
“If you don’t have adequate housing stock, economic development is not going to happen,” he adds.
The idea for the project is not a new one.
The HRA had a similar program
To see more of this article, see this week’s Register.