Jim Callahan
Jim Callahan
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COUNCIL TO DISCUSS OLD REID LOANS ON MONDAY NIGHT

(Richmond, IN)--On Monday, Richmond Common Council will address two loans that would fund clean-up of the old Reid property.  One is a zero-interest loan for $2.8 million to clean up contamination.  The other is a $5.25 million, 2% interest loan that would demolish and remove the buildings.  The loan application indicates cleanup would begin this October and would take a year and a half to complete.  The application says the city intends to use the property as a multi-use residential or commercial property and city park by May of 2021.

Richmond, IN WEATHER

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