GALESBURG – $ 1.2 million 12-unit apartment complex could be located on the upper floors of a vacant Main Street building if the town of Galesburg receives partial state funding of Illinois for Downtown Reconstruction and the Main Streets Capital Grant.
Galesburg City Manager Todd Thompson and Director of Public Works Wayne Carl recommend approval of a resolution supporting the city’s request and authorizing city funds in return for the grant request. Council members will vote on the resolution at the Galesburg city council meeting on Monday.
On December 6, city council approved an agreement with Bruner, Cooper and Zuck, Inc. to prepare a grant application for the Illinois Rebuild Downtowns and Main Street Capital Grant for the renovation of the second and third floors of 120 E. Main St. Previously home to such businesses at Wilkinson Office Supply, Papa John’s and Universal Sporting Goods, the building is now owned by the Town of Galesburg.
Each floor of the building measures approximately 5,000 square feet and it is proposed to create a total of 10 to 12 apartment units in the building if selected for the grant. The estimated total cost of the project, including engineering and construction, is $ 1.25 million, with the grant funded portion being $ 1 million (80%) and the city’s share of $ 250,000. $ (20%).
Following:Capital Grant for the Reconstruction of Downtowns and Mainstreets in the State of Illinois
The city is not required to provide a local match, but the app will score better if a match is provided, so a 20% match is offered. As part of the grant application, a resolution of support and local sharing commitment is required.
âOver the years, there has been interest in fitting out the upper floors of downtown buildings,â said Carl. âThis is also included in the overall plan to create residential units on the upper floors of downtown buildings.
âThe location of 120 East Main St. is a good neighborhood and is within walking distance of many downtown amenities. By adding residential units downtown, it will increase density and attract more people downtown to frequent its businesses.
Previously:City Council seizes the building at 120 E. Main St.
Carl said there was $ 50 million available for projects across the state of Illinois.
“Our chances of being selected depend on the number and cost of applications submitted,” he said. “It also depends on how the app gets results to meet the state’s goals for that program.”
According to Carl, the one-time grant program is intended to help central business districts recover from the economic impact of COVID. The city is submitting three different types of projects for the program: the National Railroad Hall of Fame Museum, the 120 E. Main St. Project, and the Simmons Street and Parking Lot Renovation Project.
âEach of these projects would bring people downtown and have a positive effect on the central business district, but these are three distinct types of projects, so we don’t think they are competing with each other, but it will help the community instead. city ââto be more competitive statewide, âCarl said.
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Carl said it remains to be seen whether the city will own the apartments.
“It is too early in the process to know that,” he said. âThere may be grant requirements that state that the city must own the property for a certain number of years before it can be sold.
“Otherwise, the city can choose to sell the property once it is developed or could choose to hire someone to operate these rentals if the city does not do so itself.”
Carl also said it was too early in the process to know the specific details of the makeup of the apartments or how many units could be developed. The consultant will develop layouts for the two floors and renderings of what the typical unit would be.
The ground floor of the building would be used for a commercial type of business. Recently it has been used for the Blessing Box Depot which provides hot meals, non-perishable foods, children’s diapers and coats to those in need.
If the project is selected for the grant, the city’s share of the project, estimated at $ 250,000, is expected to be funded through TIF or economic development funds or a combination of both in 2023.
The building was constructed in 1896. In 2020, the City installed a new membrane roof and completed masonry and structural repairs to the east wall.