U.S. Bank Closes on $4.8 Million in Financing for Historic Westside School

  • 12/22/14

Las Vegas – U.S. Bank closed on $4.8 million in New Markets Tax Credit equity to help renovate the historic Westside School, the city’s first racially integrated public school and a highly significant site for Native Americans and African Americans.

The $15 million renovation will create space for retailers, offices and a cafe and retain KCEP radio. New landscaping and space for public art exhibitions and a display of the circa-1923 school’s historic significance are also part of the rehabilitation.

The project is expected to become a model for historic renovation in West Las Vegas. U.S. Bank’s U.S. Bancorp Community Development Corporation investment was made possible, in part, by using New Markets Tax Credit allocations provided by USBCDC’s community development entity and Las Vegas Community Investment Corporation.

Construction will generate 64 jobs and the project will provide 24 permanent jobs when it is complete in June 2016.

Visit USBCDC on the web at www.usbank.com/cdc.

Featured

  • Cedar Crest College to Build Criminal Justice Facility

    Cedar Crest College recently announced it will create a new Expert Witness Training Center and Crime Scene Lab for its campus in Allentown, Pa., according to a news release. The college is one of eight in the country to have earned Forensic Science Educational Programs Accreditation Commission (FEPAC) accreditation for its undergraduate and graduate programs.

  • California High School Debuts $35M Performing Arts Center

    Irvine High School in Irvine, Calif., recently opened its new Performing Arts Center built in partnership with C.W. Driver Companies, according to a news release. The facility cost $35 million and covers about 25,000 square feet.

  • a traditional red brick school building with the right side visibly deteriorated and the left side well-maintained, surrounded by neat landscaping

    Making the Grade: Navigating Funding Uncertainty in K-12 Schools

    School districts across the country must prepare for all possible funding scenarios by analyzing school asset and infrastructure conditions, understanding their funding needs, and developing a proactive maintenance strategy to stretch their funding dollars.

  • All Surfaces Hires New Commercial Business Development Specification Manager

    Flooring solutions provider All Surfaces recently announced that it has hired industry veteran Mechelle Bliss as its new Commercial Business Development Specification Manager, according to a news release. In her new role, she’ll be responsible for expanding the organization’s hold in various commercial markets, as well as strengthening relationships with existing clients.