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

  • Wyoming District Breaks Ground on New Elementary School

    Laramie County School District #1 in Cheyenne, Wy., recently held a groundbreaking ceremony for the upcoming Mountain View Elementary School, according to a news release. The facility has an estimated completion date of summer 2028, and it will have the capacity for 650 students in fifth and sixth grade.

  • CSU Starts Construction on New Engineering Building

    Colorado State University in Denver, Colo., recently began clearing space for the construction of the new Don and Susie Law Engineering Future Technologies Building, according to a news release.

  • California District Opens New Robotics Center

    The Fremont Union High School District (FUHSD) in Cupertino, Calif., recently held a Grand Opening ceremony for a new, district-wide Robotics Center, according to a news release. The 14,500-square-foot facility was designed by Quattrocchi Kwok Architects (QKA); Landmark Constructors served as the builder and Blach Construction as general construction manager.

  • DLR Group Announces New Mid-Atlantic Higher Education Leader

    Integrated design firm DLR Group recently announced that it has promoted Principal Shawn Gaither, AIA, LEED AP, to the role of higher education leader in the Mid-Atlantic, according to a news release. Gaither has served with the firm for more than 20 years, most recently as the national higher education business development leader.