Downtown loan pool

In August 2005, the city of Rocky Mount and six banks committed $2.4 million for the loan pool. The general concept was that by pooling resources together, banks would reduce their potential risk. And the city of Rocky Mount tried to put bankers at ease by setting aside grant money that would cover 20 percent of a loan should it go into default.

The only loan under the program occurred shortly after the program’s inception, when about $300,000 was loaned to the Smith family to renovate a building at 132 Main St. Today, there is an Allstate insurance office downstairs and loft upstairs where the Smiths live in. 

Ok this guy basicaly got this loan for a place to stay and a work office that he could use on his taxes.

I'm sure there was alot of work that needed to be done, but one would have thought that he could afford a coat of paint on the outside of the building or at least it wood parts.

yes he could have painted the window cases and the wood above his doorway. then again I guess Most of the money was using in his loft...

Possible Car Accident on Falls Rd.

Possible Car accident on falls Rd around 5pm today. Only two cars involved.

Rocky Mount will soon have a Olive Garden.

Yes constructioon is coming along nicely for the new Olive Garden what will be at the Golden East Mall. I just can't wait for it to open...

Park cleaning, but what about repairs???

Today while out and about in the so-called city of Rocky Mount, I decide to ride through Battle Park. Just to see who want was going on.

I was shock to see that their were city workers in the park, clearing the grounds of the old cemetery that is in the park. I had to wonder why, who is coming to the city?

Yet the city can clear the leaves from the cemetery at the park but can't fix the picnic tables at he park or the benches in the park.