City assumes responsibility for $21 million ‘Creek’ - Statesboro Herald

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City assumes responsibility for $21 million ‘Creek’

To repay $15.5 million loan over 30 years, get $5.5 million free

The red outline shows the footprint of the Creek on the Blue Mile Project that will encompass approximately 36 acres in the midtown area of Statesboro.

Creek Project location.jpg — The red outline shows the footprint of the Creek on the Blue Mile Project that will encompass approximately 36 acres in the midtown area of Statesboro.

Agreements that Statesboro City Council approved Tuesday make the Creek on the Blue Mile completely a city project in regard to $21 million in state financing, up to $15.5 million of which, plus low interest, the city will have to repay over 30 years.

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