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

  • Auburn University Debuts $224M STEM + Agricultural Sciences Complex

    Auburn University in Auburn, Ala., recently opened its new $224-million STEM + Agricultural Sciences Complex, the largest research construction project in the university’s history, according to university news. The facility measures more than 265,000 square feet and brings six departments from the College of Agriculture and College of Sciences and Mathematics together under one roof.

  • UT-San Antonio Begins Residence Hall Renovations

    The University of Texas at San Antonio recently began a $6-million renovation project to one of its residence halls, according to a news release. Originally completed in 1986, Chisolm Hall measures in at 120,860 square feet and is the oldest and largest residence hall on campus.

  • Phoenix High School Completes First Phase of Campus Renovations

    Metro Tech High School, part of the Phoenix Union High School District (PXU) in Phoenix, Ariz., recently announced the completion of the first stage of a campus renovation project, according to a news release. The school reopened a series of public-facing business operations spaces including credit union, daycare, floral, cosmetology, and culinary services. It also includes new CTE learning spaces for the school’s nursing assistant, pharmacy, and sports medicine programs.

  • Amazon Expands Lockers to More Than 500 College, University Campuses

    Amazon recently announced that its Locker Network now totals more than 750 locations at more than 500 college and university campuses around the United States, according to a company news release.