Funds for the grant will come from existiing redevelopment funds that had not been committed to other projects.
This is where the money went, where the redevelopment funds ended up.
Federal and provincial officials attracted Stream with the help of a multimillion-dollar redevelopment fund intended to soften the blow of the mine closing.
The Empowerment Zone is being financed by the Federal Government, the state and the city, each of which has pledged $100 million for a redevelopment fund to be spent over 10 years.
Riverside County plans to use federal and state redevelopment funds to facilitate better mobile home facilities nearby fell though in 2012 due to loss of funds resulting from the 2008-12 California budget crisis.
This is hugely important for them, because they've been unable to apply for redevelopment funds for their overworked premises as they had no security of tenure.
Because it was placed on the register, federal redevelopment funds could no longer be used to demolish structures.
In recent weeks, he moved to retain some of his power, pushing the council to create two nonprofit groups that will preside over $80 million in redevelopment funds.
Then came an unexpected windfall from Councilwoman Mary Pinkett's office: unused redevelopment funds just waiting for a worthy cause.
"It has been the generous earmarks that Congressman Lewis has provided for us that has allowed us not to dip into the general fund or redevelopment fund," she said.