Council Bluffs, (2007)

Nonpareil Building Restoration

Investment

  • NMTC Amount: $2,352,353
  • Total Project Cost: $2,782,844

IMPACT

  • 15 FTE jobs
  • 78 construction jobs
  • Rehabilitation of a vacant or under-utilized historic structure.

Investor

Project Description

By 2007, the historic downtown of Council Bluffs, like many of its counterparts throughout the Midwest, had seen an economic decline that threatened the survival of its rich architectural heritage. The high cost of renovating vacant buildings could not be supported by the lower rents in that market, so NMTC financing was necessary to restore this 1920’s newspaper building to a new economic use.

MAP

117 Pearl Street, Council Bluffs, 51503

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