River to Valley Initiatives (RVI) Begins planning for former Wyalusing Academy Land as part of multi- million dollar investment in Prairie du Chien
Prairie du Chien June 23, 2017 Press Release RVI has completed Phase 1 of the overall multi-million dollar Lawler Lofts project by securing Commonwealth Development to develop the 40 unit apartments and save the former St Mary’s/Wyalusing Academy historic building. The building will begin its next phase as apartments with construction starting this August by Commonwealth Development Corporation of America. Phase 2 of the project will begin with the re-development of the mechanical building, and planning of the surrounding land adjacent to the former main building The 9 acres of land is positioned along Main Street and parallel with the Mississippi River RVI’s ongoing mission and activities include stabilizing neighborhoods by strategically developing troubled housing and structures that can be saved and repurposed. RVI has expertise in working with tax credits and other programs and communities to make difficult projects possible. This strategy helps rural communities who typically have lower rents or property values but pay much the same in material costs as urban areas. This helps preserve a sense of place, develop new and desirable homes in older neighborhoods, and provides upgraded housing attracting further investment and improved tax base. With the completion of the Lawler Lofts project, RVI will have secured and redeveloped over 70 housing units for the benefit of Southwest Wisconsin communities. Estimated increased tax base to communities from this work is over $14 million dollars. Julia Henley President River To Valley Initiatives 608-792-9994 www.RIVERvi.com |
JD Milburn
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