Grant & Loan Awards: Morgan County
Equity grant funds to assist with the development of the new Town Park Event Center in downtown Madison. The requested funds will be used for the construction of Harris Bicentennial Pavilion and an Art Guild Cottage, the Park’s primary venue and tourist welcome center. Although a center for education and agriculture in the 19th century, Madison is best known today as a popular tourist destination which already hosts over 50,000 visitors each year by marketing its historic downtown and attractions such as the Madison-Morgan Cultural Center, the African American Museum, Heritage Hall, the Rose Cottage, and others. Town Park will accommodate approximately 3,000 people and has already been a tremendous economic development catalyst in the City and Region. The new event center will attract visitors and tourists as it revitalizes a portion of downtown Madison, resulting in the generation of new jobs and tax revenues for the City, County, Region, and State.
Equity funds to support road improvements to serve Stanton Springs, a 1,500-acre technology park located at the junction of Morgan, Newton and Walton Counties on I-20 and Highway 278. Specifically, funds will be used to pave a .8 mile four-lane road in order to see and promote interior sites within the park. Stanton Springs is a great example of public-private partnership involving four counties with a private partner, Technology Park/Atlanta, Inc. (TPA). Morgan, Newton, and Walton Counties have land within the development area. Jasper Co. will contribute 10% of costs toward development even though the county will not own land within the development. All four counties will share costs/revenues according to an intergovernmental agreement. TPA is a private developer experienced in the planning and development of similar projects including Johns Creek Mixed Use Park. The application anticipates that within two years, 700 will be employed at Stanton Springs. Within five years, 3,100 will be employed. At full build-out, the project will be able to support 20,000 workers.