Skip to main content
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

  • Geometric abstract school illustration

    How Design Shapes Learning and Success

    Can the color of a wall, the curve of a chair, or the hum of fluorescent lights really affect how a student learns? More schools are beginning to think so.

  • University of Oklahoma Announces New Campus Master Plan

    The University of Oklahoma in Norman, Okla., recently announced that it will soon launch a new, comprehensive Campus Master Plan to guide the campus’ physical development during the next decade, according to a news release.

  • UT System Board of Regents Approves $108M Housing Complex

    The University of Texas System Board of Regents recently announced the approval of a new, $108-million housing complex at the University of Texas at El Paso (UTEP), according to a news release. The facility will stand four stories and have a total of 456 new beds for freshmen students.

  • LSU Breaks Ground on $200M Residential Project

    Louisiana State University in Baton Rouge, La., recently broke ground on a new residential complex, according to university news. The South Quad residential project will consist of two buildings and add a total of 1,266 beds for freshmen students. The development comes with a price tag of $200 million, and it’s scheduled to open to students in fall 2027.