McGregor Masonic Block nets $100K Community Catalyst Grant

Error message

  • Warning: array_merge(): Expected parameter 1 to be an array, bool given in _simpleads_render_ajax_template() (line 133 of /home/pdccourier/www/www/sites/all/modules/simpleads/includes/simpleads.helper.inc).
  • Notice: Trying to get property 'settings' of non-object in _simpleads_adgroup_settings() (line 343 of /home/pdccourier/www/www/sites/all/modules/simpleads/includes/simpleads.helper.inc).
  • Warning: array_merge(): Expected parameter 1 to be an array, bool given in _simpleads_render_ajax_template() (line 157 of /home/pdccourier/www/www/sites/all/modules/simpleads/includes/simpleads.helper.inc).
  • Notice: Trying to access array offset on value of type null in include() (line 24 of /home/pdccourier/www/www/sites/all/modules/simpleads/templates/simpleads_ajax_call.tpl.php).

The city of McGregor was last week awarded a $100,000 grant through the Iowa Economic Development Authority’s Community Catalyst Building Remediation program. Funds will support rehabilitating the historic Masonic Block, located at 134-138 Main St. Black Swan Developers has proposed a nearly $2.6 million renovation project for the 15,000-square-foot building, which was constructed in 1866. (Photo by Audrey Posten)

The Iowa Economic Development Authority (IEDA) last week announced $2.6 million in grant funding to help 26 communities across the state revitalize their downtown districts. The grants were awarded through the Community Catalyst Building Remediation program.

 

McGregor was one of the communities awarded a $100,000 grant to help redevelop or rehabilitate underused buildings as a way to stimulate economic growth and reinvestment in the community.

 

Funds will go toward rehabilitating the historic Masonic Block, located at 134-138 Main St. Black Swan Developers has proposed a nearly $2.6 million renovation project for the 15,000-square-foot building, which was constructed in 1866. 

 

Work will include adding or upgrading heating, cooling, plumbing and electric, in addition to restoring the original storefront doors and windows, as well as restoring the upper story windows and brick work. In the rear of the complex, the windows will be re-installed and there will be significant structural repairs. The building will be restored per the Secretary of the Interior’s standards for historic renovations.

 

The completed project will consist of commercial/retail space on the first floor and apartments/condos on the two upper floors.

 

“Downtown districts are the heart and soul of our communities, and their strength is critical to the state's overall well-being,” said IEDA and Iowa Finance Authority Executive Director Debi Durham. “The Community Catalyst program not only helps strengthen our downtowns at a critical time of economic recovery, it also inspires growth and development for years to come.”

 

The Community Catalyst program was created in 2018 and is funded through an appropriation from the Iowa Legislature.

 

Iowa cities were invited to apply following approval of their pre-applications. Projects are scored based on criteria that include impact, funding/partnerships and incorporation of sustainability and smart growth principles. At least 40 percent of the grants are awarded to cities with populations of less than 1,500, according to program rules. Cities are required to provide financial and/or in-kind resources to supplement these projects. Last fall, the McGregor Council approved an amount of $10,000 through McGregor’s Business Enhancement Grant Program.

 

For more information on the Community Catalyst program, visit iowaeda.com/downtown-resource-center/community-catalyst/ or contact Jim Thompson at 515.348.6183 or catalyst@iowaeda.com.

Rate this article: 
No votes yet