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 Adds ALPR Technology to Parking Solutions

    Texas A&M University in College Station, Texas, recently integrated automatic license plate recognition (ALPR) technology into its parking services and enforcement strategies, according to a news release. The university’s Transportation Services division deployed Genetec AutoVu ALPR to manage the campus’ 36,000+ parking spaces.

  • Lewis C. Cassidy Elementary School

    Established in 1999, the Education Design Showcase is a vehicle for showing off innovative — yet practical — solutions in planning, design, architecture, and construction. Lewis C. Cassidy Elementary School has been recognized with an EDS 2025 Grand Prize award in the category of New Construction.

  • Minnesota District Partners with Kraus-Anderson on Four Construction Projects

    Stillwater Area Schools in Lake Elmo, Minn., recently announced a partnership with Kraus-Anderson for construction projects at four schools in the district, according to a news release. The projects’ funding comes from a $175-million referendum passed in November 2023.

  • 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