WICHITA FALLS, TX (TNN) - On Tuesday, Wichita Fall city leaders defended their use of 4B money after hearing from residents who claim the same businesses keep being awarded 4B funds.
Residents that attended Tuesday’s meeting referenced the councils decision to give the owner of a building located at 922 Indiana up to $65,000 to continue improvements they’ve been making for the last few years.
“Evaluations are up about $2 million in the area, which is what we’re going for. We take those old derelict buildings that are rundown and take the 4B money, be able to give it to the individual. Fire suppression, whether its remodeling, whatever they need to do. We take those old building and make then look better and the another evaluated higher which means more revenue back into the general fund. Its working and i’m glad we are doing it,” said Mayor Stephen Santellana.
In 2016, plans were in the works for the building to be a grocery store then an old-fashioned ice cream soda fountain parlor. As of today, plans are for it to be retail space.
The total 4B funding over the years that has gone to renovate 922 Indiana remains unclear.