Monday, May 17, 2010

Grand Rapids Press Reports Federal Building Wins $3.5 Million Historic Tax Credit

Read the Grand Rapids Press story updating progress being made to renovate the downtown Federal Building (pictured) in Grand Rapids for Kendall College of Art and Design of Ferris State University.

Here is an excerpt:
GRAND RAPIDS - A project to overhaul the old downtown Federal Building for Kendall College of Art & Design was slated to get a $3.5 million boost today.

The announcement of the historic tax credits was slated to coincide with the presentation of the Governor's Award for Historic Preservation to DeVries Companies, honoring the restoration of the former city water filtration plant, 1430 Monroe Ave. NW, into the mixed-use Clear Water Place.

"The same kind of success story that they were able to produce with Clear Water Place, that's what they're trying to replicate and reproduce with this announcement," said Brian Conway, state historic preservation officer.

The $28.5 million renovation of the 100-year-old federal building, which was vacated by the art museum in 2007, is expected to start this summer and continue through 2011.

Ferris State University, which Kendall is part of, partnered with Lansing-based Christman Capital Investment Group on the project.

For the full story, visit the Grand Rapids Press Web site: http://www.mlive.com/news/grand-rapids/index.ssf/2010/05/old_federal_building_renovatio.html

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