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

  • Designing Learning Spaces that Support Student Mental Health and Wellness

    In today’s education landscape, schools are more than just centers for learning; they are integral to the holistic development and well-being of students. The global pandemic underscored the importance of addressing mental health in schools, as productivity dropped, stress levels rose and students faced challenges managing emotions.

  • Embry-Riddle Breaks Ground on New Office Building

    Embry-Riddle Aeronautical University (ERAU) in Daytona Beach, Fla., recently announced that construction has begun on a new office building for its campus Research Park, according to a news release. The university partnered with Hoar Construction on the 34,740-square-foot Center for Aerospace Technology II (CAT II), which will be used for research and lab purposes.

  • Allegion US Partners with Two Colleges for Mobile Credential Technology

    Allegion US recently announced a partnership with Florida Institute of Technology (FIT) and Denison College, in conjunction with Transact + CBORD, to install mobile credential technologies campus-wide, according to a news release. Implementing Mobile Student ID into Apple Wallet and Google Wallet will allow students access to campus facilities, amenities, and residence halls using just their phones.

  • AP Construction Breaks Ground on Two Projects for Austin ISD

    Adolfson & Peterson Construction (AP) recently announced that it has broken ground on two renovation projects for the Austin Independent School District, according to a news release. The work at McCallum and Anderson High Schools totals 97,350 square feet and is scheduled for completion in January 2027.

Digital Edition