New Castle County officials are looking at using $3 million that are supposed to go toward parks to help with the start-up costs of a private stock exchange.
The money would come from the Garstin Trust Fund and would be put into the Delaware Board of Trade Holdings to establish the Wilmington exchange for small and medium sized stocks.
The County Council is expected to consider the proposal at its meeting next week.
The Wilmington News Journal reports that Economic Development Director Marcus Henry said he viewed the move as simply tweaking how the money is invested.
The stock exchange has gotten the strong backing of County Executive Tom Gordon who believes it is a key to revitalizing the Wilmington area.
