Add as a preferred source on Google

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

  • Texas A&M Breaks Ground on Campus Visitor Center

    Texas A&M University in College Station, Texas, recently held a groundbreaking ceremony for a new campus learning hub and visitor center, according to a news release. The 211,000-square-foot Aplin Center will stand three stories and is scheduled to open to students in 2028.

  • Tennessee Tech Starts Construction on New ACME Building

    Tennessee Tech University recently held a groundbreaking ceremony for the new Advanced Construction and Manufacturing Engineering (ACME) Building on its campus in Cookeville, Tenn., according to university news. The $89.6-million facility is the second in a recent expansion of the College of Engineering’s buildings on campus. It’s currently scheduled to open at the end of 2028.

  • Lawrence Group Announces Expansion of Student Housing Studio

    Integrated planning and design firm Lawrence Group recently announced that it has hired Nick Naeger, AIA, as the new Associate Principal / Senior Project Manager at its headquarters in St. Louis, Mo., according to a news release.

  • ClassVR Wins Tech & Learning Best of Show at ISTELive 25

    Avantis Education recently announced that its flagship product, ClassVR, won the Tech & Learning Best of Show Award at ISTELive 25 in San Antonio, Texas, according to a news release. The program is designed to celebrate products that are “transforming education in schools around the world and that show the greatest promise for the industry,” and this is the fourth consecutive year that Avantis has claimed the award.

Digital Edition