Grant requests for downtown top $1 million
Four downtown projects with the potential to provide significant economic development impact to Marshalltown passed a crucial first test at Monday’s city council meeting.
Three are well known properties on Main Street and a fourth is a proposed new grocery store and restaurant.
Councilors unanimously approved what is called the pre-application phase of Iowa Economic Development Authority Catalyst Grants, a necessary step to move the projects on to the IEDA.
The IEDA awarded Marshalltown a total of $1 million after the 2018 tornado.
The city’s asking for the projects below total $650,000.
The projects are:
• McGregor’s Furniture – 109-111 W. Main St; Catalyst Grant: $75,000 for building restoration project. The project endeavors to take the building back to to some of its historical features including custom windows and a cornice.
• Zamora’s Fresh Market – 4 E. Main St.; Catalyst Grant: $250,000 for a facade restoration project. The initiative will focus on making repairs to the building’s exterior while providing a fresh update to windows and awnings.
• Marshalltown Senior Residences – 201 E. Main St.; Catalyst Grant: $75,000 for a building restoration project.This project will restore 28 units of affordable senior housing. Interior damage and the rear portion of the fourth floor which was significantly damaged will be repaired.
• New Grocery Store and Restaurant – 107 N. Center St.; Catalyst Grant: $250,000. This project will replace the original Abbarotes Villachuatto grocery store at 31 N. Center St. which was severely damaged in the tornado and recently demolished. The project also adds a restaurant.
“The IEDA will review the applications to ensure they are consistent with their guidelines,” city administrator Jessica Kinser said. “If all are approved, they will offer a major positive impact to the central business district.”
Contact Mike Donahey at 641-753-6611 or mdonahey@timesrepublican.