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

  • University of Kentucky Reopens Scovell Hall

    The University of Kentucky recently reopened Scovell Hall, part of the Martin-Gatton College of Agriculture, Food and Environment (CAFE), following comprehensive renovations to the 120-year-old facility in Lexington, Ky., according to a news release.

  • Fayetteville State University Opens New College of Education Building

    Fayetteville State University (FSU) in Fayetteville, N.C., recently celebrated the opening of a new $69.3-million College of Education building, according to a university news release.

  • William Penn Charter School

    Richard A. Balderston OPC’69 Lower School

    Established in 1999, the Education Design Showcase is a vehicle for showing off innovative — yet practical — solutions in planning, design, architecture, and construction. The Richard A. Balderston OPC’69 Lower School has been recognized with an EDS 2026 Grand Prize award in the category of New Construction.

  • Stanford Online Reveals New Immersive Learning Studio

    Stanford Online recently marked its 30th anniversary with the announcement of a new immersive learning studio, according to a university news release. The studio takes advantage of AI-powered and immersive learning technologies to continue delivering personalized and faculty-led education.