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North Carolinians for Jobs & Progress - Vote for Amendment One Page 1 of 3 <br /> <br />OVERVIEW EXAMPLES ~. .......... .,~,~*.; Q t~ A Etq DOR$£MENTS N~wsaoo~t [-iow 'ro H <br /> <br />Self-Financing Bonds are Working for our <br />Neighbors <br /> <br />South Carolina <br /> <br />West End District - Greenville. $4 million in bonds for <br />landscaping, street improvements, and lighting. District has <br />attracted 30 new businesses, with a total investment of nearly <br />$19 million. <br /> <br />Red River Development - Rock Hill. Neighborhood <br />enhancement program. The city issued $6.1 million in self- <br />financing bonds. Projected private investment is more than <br />$140 million with additional tax revenues of $2.1 million <br />annually. Private development includes a mall, hotel and <br />theater. <br /> <br />Manchester Village Redevelopment District - Rock Hill. <br />Converted a garbage transfer station and Brownfield site into <br />viable commercial and residential development. The total <br />amount of the self-financing bonds issued was $10 million. <br />Residential redevelopment includes 238 town-homes ranging <br />from $110,000 to $240,000 and a proposed 312-unit luxury <br />apartment. An old mill was also developed into a warehousing <br />for moving companies and a business park was built that <br />houses industrial companies and industrial offices. <br /> <br />Forty-eight other stat <br />are using self-financi~ <br />development bonds t, <br />attract jobs and <br />revitalize communitie <br />We need to put that t <br />to work for us. <br /> <br />Us: <br /> <br />North Carolinians for Job <br /> Progress <br />P.O. Box 27845 <br />P, aleigh, NC 2761! <br /> <br /> £ <br /> <br />Downtown Redevelopment District - Rock Hill. Roadway <br />construction, utilities improvements, streetscaping, Center for <br />the Arts, parking. <br /> <br />Harbor Park District - Charleston. Development converted <br />blighted area into a new commercial development. Self- <br />financing bonds were $12 million. <br /> <br />King Street Gateway District - Charleston. Streetscape <br />and drainage improvements. $:[4 million in self-financing <br />bonds issued. <br /> <br />Finley Park - Columbia, Development converted an old <br />railroad station into a commercial and residential development. <br />Self-financing bonds were $15 million. At present, development <br />is producing more tax revenues than projected. <br /> <br />http://www.amendmentone.org/neighbors.html 7/31/2004 <br /> <br /> <br />