Univ. of Akron neighborhood group gets boost

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AKRON, Ohio (AP) -- A northeast Ohio city is providing financial help to a community organization working to develop its hometown University of Akron neighborhood.

The city of Akron has offered the financially strapped University Park Alliance a $600,000 loan guarantee.

In its last meeting of the year, the Akron City Council approved the guarantee.

Mayor Don Plusquellic (pluhs-KWEHL'-ihk), an alliance board member, says government agencies have invested $131 million in the area and want to protect the improvements.

According to the Akron Beacon Journal (bit.ly/19PIdOg), the alliance faces an uncertain future after the resignation of its executive director and cancellation of a $7.8 million foundation grant and loan.

The alliance was formed more than a dozen years ago to improve the struggling neighborhood around the Akron campus.

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Information from: Akron Beacon Journal, http://www.ohio.com