New Markets Tax Credit Coalition

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Great Falls Rescue

After standing vacant for nearly a decade, the final lot leveled by a 2009 natural gas explosion is bringing new community benefits to downtown Bozeman.

Investment

  • NMTC Amount: $10,189,000
  • Total Project Cost: $10,967,595

IMPACT

  • 4 FTE jobs
  • 70 construction jobs
  • Project includes a Federally Qualified Health Center.
  • 33,000 sq. ft. of real estate

CDEs

Investor

Voices from the Community

The NMTC mean the world to us as an organization as we couldn’t have built a new Family Center without NMTC funding.

-Jim McCormick, Executive Director, Great Falls Rescue Mission, Great Falls, Montana

Project Description

After standing vacant for nearly a decade, the final lot leveled by a 2009 natural gas explosion is bringing new community benefits to downtown Bozeman. The new Osborne Building at 233 E. Main St. is an innovative reflection of Bozeman’s modern economy, with restaurant space, rental office space for nonprofits that serve low-income communities, and flexible office space for startups and small businesses. The concept for the new 33,000 sq. ft. building was developed by local businessmen Bryan Klein, Casey Durham, Chad Bottcher and Jamie Bottcher, who wanted to find a solution for the lot that would not only address a longstanding vacancy but also help meet community needs.

MAP

Address: 408 Second Avenue South, Great Falls, MT 59405

Census Tract: 30013000700

PDF Profile

Other Montana Projects

Family Service, an assistance organization for low-income families and seniors, has made the move to the South Side and a larger headquarters. The organization just closed on its new 57,000-sq.
A 100+ year old community nonprofit increased its capacity to serve homeless families and victims of domestic violence by building a new facility in a blighted area.
Rehabilitation of abandoned downtown buildings into commercial office space.

Little Big Horn College, the higher education institution of the Crow (Apsáalooke) Tribe of Indians, used $8.8 million in NMTCs provided by Travois New Markets and more than $2.3 million