New downtown projects
The Grand Forks office of Urban Development is working with private developers to get two new projects off the ground in downtown Grand Forks. At the same time, the city is developing a new program to assist future economic development projects such as these. (agenda)
The Marcil Group plans to invest $1.2 million to remodel the St. John's Block. Their plans include remodeling space for the new Firkin Pub planned for the building and rehabbing nine apartments in the upper floors.
The old YWCA building across the street from Central High may soon be downtown's newest apartment development. The building's owner, Mr. Steele Sacks, plans to convert the space into 25 new apartment units at a total cost of $2.03 million.
City staff at Urban Development is working with Bremer Bank to develop a "financial instrument" modeled after the Bank of North Dakota's PACE program for economic development. The new program could assist these two downtown developments and future projects in the city's core.