The Winston-Salem City Council approved $2.8 million to rehabilitate five shopping centers around the city:
The plan approved by the council on Monday is part of a city program, Revitalizing Urban Commercial Areas, which started in May 2005. The council then agreed to spend $1.5 million to improve three parts of the city: the intersection of Waughtown Street and Thomasville Road, the intersection of Liberty and 14th streets, and the Washington Park and Acadia neighborhoods.
Until the Dell Inc. repayment, funding for the program had run out.
Dell repaid the money, fair enough. But if these shopping centers don’t make it, will the developers refund the money?
