Project Type(s): Arts, Community, Historic Rehabilitation, and Museums
Project Year: 2005
CDE(s): National Development Council
NMTC amount: $5,138,164
Total Project Costs: $6,000,000
Colorado Fuel and Iron (CF&I) was once one of the largest integrated steel mills in the country and was Pueblo's primary industry, playing a prominent roll both regionally and nationally. However, with drastic decline in the American steel industry in the 1970's and 1980's, the mill was abandoned. Pueblo's south side, formerly the company town of Bessemer, quickly declined. NDC's investment provided the Bessemer Historical Society with financing to transform the historic mill into a museum to exhibit CF&Is archives. In addition to preserving the City's past, they hope the new museum will increase tourism for the area as part of Pueblo's overall renewal strategy.