Projects Announced In Competition For Fresno's $70 Million Cap-And-Trade Fund
The City of Fresno is getting a closer look at the projects hoping to get a slice of $70 million in cap-and-trade money that the state has set aside for the area. A meeting Wednesday meeting is one of the final steps before the city submits its plans to the state.
The potential projects seeking funding are wide-ranging, from a 15-story apartment building on Fulton Street to electric car chargers, and a new park in Chinatown. All of the proposed developments are either in downtown, Chinatown or Southwest Fresno.
The funding has been set aside by lawmakers for some of the most polluted and economically disadvantaged areas in California through a program called Transformative Climate Communities, starting in Fresno. Eligible projects would need to provide matching funding to augment any awards from the TCC program.
Local activists, the city, and residents have been working for months to identify projects that could meet the program’s goals of increasing access to public transportation, multi-use housing, and offset the effects of climate change.
Elliott Balch with the Central Valley Community Foundation, which is helping spearhead the planning, says they are trying to whittle down their options from the more than 60 ideas submitted.
“And work together in groups to come up with an ideal package of projects. Plans for how this money would be spent in the neighborhoods of downtown, Chinatown, and Southwest Fresno,” says Balch.
However, actual voting is reserved for residents who have been involved with the proposal from the beginning. The plan will then go to the Fresno City Council, and then on to Sacramento for final approval.