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

  • 5 Tips for New Teachers and Their Administrators on Classroom Design

    Recently, several school visits early in the academic year highlighted how many first-year teachers struggle to set up their classrooms effectively. It's evident that more can be done to better support them from the start, particularly in the area of classroom design.

  • Texas School District Opens New Elementary School

    The Boerne Independent School District (Boerne ISD) near San Antonio, Texas, recently opened a new elementary school that serves almost 500 students, according to a news release. The district partnered with Pfluger Architects to build the 97,151-square-foot Viola Wilson Elementary School, which opened in August.

  • Call for Opinions: Spaces4Learning 2025 Predictions for Educational Facilities

    The K–12 and higher education facilities landscapes are always evolving. Schools are constantly adapting to technology advances, pedagogy changes, sustainability initiatives, and more.

  • OpenStax Celebrates 25th Anniversary of Providing Open Educational Resources

    OpenStax, which expands access of K–12 and higher-education resources and research-informed educational tools, is celebrating its 25th anniversary as 2024 comes to a close, according to a news release. The educational initiative from Rice University has served almost 37 million students in 153 countries and saved students nearly $3 billion in educational costs since its launch in 1999.

Digital Edition