goingon




Coldwater Receiving State Funds To Help With Renovation Project
By: Mike Stiles - Wednesday, October 13, 2021

(LANSING) – The City of Coldwater is one of three communities receiving State funds to help with renovation projects.

Governor Gretchen Whitmer and the Michigan Economic Development Corporation announced Tuesday four projects happening in three communities are receiving support from the Michigan Strategic Fund. The projects are expected to generate a total capital investment of $2.3 million, which will bring new vitality and economic activity to Coldwater along with Cheboygan and Sault Ste. Marie.

Caywood Propane Gas, a family-owned business based in Hudson, Michigan, plans to renovate a vacant, three-story building at 8 South Monroe Street in the historic district of downtown Coldwater into a mixed-use development. When completed, the project will include commercial space and five apartment units. The project is expected to generate a total capital investment of $804,960 and will create a revitalized space on a key block in Coldwater’s historic district, while also bringing critical housing units to downtown.

The Michigan Strategic Fund has approved a $250,000 MCRP performance-based grant in support of the project. The City of Coldwater has approved a $10,000 facade grant for the project and has also approved a 10 year Commercial Rehabilitation Act tax abatement valued at $111,000. Coldwater is engaged with MEDC's RRC Program.

Coldwater City Manager Keith Baker says they look forward to welcoming Caywood Propane to the downtown and are glad that City Council and staff have been pursuing RRC certification. Baker says the ability of downtown projects like this one to apply for MCRP and other funding sources is proving to be a key component in developing Coldwater's historic buildings and adding much-needed housing.



MORE HEADLINES

(12-03-2021) • Santa is Coming to Fremont Saturday

(12-03-2021) • Hornet and Cougar Fans Be Aware of Christmas Parade Traffic Friday Night

(12-03-2021) • Former Deputy Press Secretary for Former President George W. Bush to Address Steuben County GOP Breakfast

(12-03-2021) • Crash Victim Flown Out After Being Trapped in Vehicle

(12-03-2021) • Hoosier Hospitality Is Praised as Last Afghans Depart Camp Atterbury

(12-02-2021) • The Indiana DNR Stocks Nearly 70,000 walleye in Northern Indiana Lakes

(12-02-2021) • Downtown Angola Coalition is Looking for a Main Street Director

(12-02-2021) • Two Sex Crimes Cases Underway in Williams County

(12-02-2021) • A New Restaurant May Be Coming to Crooked Lake

(11-02-2021) • Northeast Indians High School Varsity Girls Basketball Results from Tuesday, 11/30/21

(11-30-2021) • #GivingTuesday is on Tuesday

(11-30-2021) • Tickets Remain for Lettermen Holiday Concert at Trine

(11-30-2021) • Man Admits to Damaging MSP Vehicle During Arrest

(11-30-2021) • Man Breaks into Home, Assaults Victim, then Exposes Himself

(11-30-2021) • Downtown Angola Coalition is Looking for a Main Street Director

(11-30-2021) • Judge Denies Early Release for Indiana Woman Convicted in Bus Stop Crash that Killed 3 Siblings

(11-30-2021) • Rep. Jim Banks Calls on Fellow GOP to Oppose Democrats’ CR

(11-29-2021) • Pokagon State Park’s Toboggan Run Opened Friday

(11-29-2021) • Kool-Aid, Tang, Country Time beverages recalled due to glass fragments

(11-29-2021) • Community Humane Shelter of Steuben County Reopens Tuesday

>> News Archive