During his annual State of the City address Monday night, Akron Mayor Dan Horrigan said the city will use more than $150 million in federal American Rescue Plan funds to reinvest in neighborhoods and businesses following the pandemic.
One area slated for a $25 million investment is housing, both for refurbishment and new construction. Horrigan said the city’s median home price has doubled since 2016, a slow march back from the depths of the 2008 recession. But that progress has been impeded as coronavirus shut down the city.
“Summit Lake, Middlebury, North Hill, Kenmore, East Akron, parts of West Akron, and Goodyear Heights are still challenged by aging housing stock, undervalued markets, vacancy, and demolition,” he said.
The city will be spending $3.5 million to refurbish Lock 3, which was built in 2003 as a temporary space but is now, in the mayor’s words, Akron’s “Central Park.”
There will be a $30 million investment in the city’s parks and public facilities. Horrigan says updating the city’s facilities will help curb youth violence. More than one-third of that amount will go into existing community centers that need to be updated. The rest will go directly to youth programs.
“Youth employment, programs, training, improving recreational assets across our neighborhoods, and gun violence interventions for those most at-risk of being caught up in violence either as a perpetrator or a victim,” Horrigan said.
He added he does not intend to defund the police but rather wants to focus more resources on community policing.
The entire address is available on Facebook.
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