The City of Norfolk Proposed Operating and Capital Improvement Budget was presented by the City Manager to City Council on April 26. The proposed Budget can be found on the City’s website, here.
The proposal includes $1,000,000 to be used in the implementation of the Wards Corner Neighborhood Plan. The project description states:
Provide funds to improve the residential and business areas of Wards Corner consistent with the Neighborhood Plan. Land Acquisition of blighted property from willing sellers will be pursued based on prioritizing areas in a strategic manner.
The budget (2010) allocated $1,010,000 to the Wards Corner Neighborhood Plan and proposed $1,000,000 for 2011. The 2011 budget allocated $1,767,500 and proposed $1,000,000 for 2012.
Notably, the 2012 proposal includes a proposed future allocation of $1,000,000 in 2013 after which the funding dries up. The 2011 budget proposed $1,000,000 each year through 2015.