There is Incentive to Redevelop!
Things are looking good and people have noticed. Owners of property in downtown Reidsville are eligible for the RDC’s Redevelopment Incentive Grants Program. Business and property owners within the Central Business District currently pay an extra .25 per $100 assessment on their property tax. That tax revenue is being directed back into the downtown community through the RDC’s Redevelopment Incentive Grants Program. There are currently two grants available through this program: The Façade Grant and The Interior Renovation Grant.
The Façade Grant gives business owners an economic incentive to renovate the exterior facades of their buildings and encourages good design projects that complement the unique historic character of the buildings.
This grant provides a 50% match on an approved façade improvement with a cost up to $5000. For example: your new awing and trim paint cost $2200. The Façade Grant would pay $1100, you would pay $1100. There is even more incentive for major façade improvement that total more than $5000. The formula for funding these projects is 50% of the first $5000 of cost plus 20% of any additional cost up to $30,000., providing a maximum grant of $7500. Removing paint or metal siding or “slipcovers” that cover up the original façades of our beautiful buildings would make a tremendous difference in the overall appearance of our downtown. The Façade Grant applications are reviewed by the Design Committee of the RDC. This committee is also available to help you with your façade improvement design.
The Interior Renovation Grant is designed to provide property owners an economic incentive to undertake careful interior renovation and restoration projects. This program encourages good rehab projects that respect the architectural integrity and unique historic character of the building. These improvements can include the restoration of wood floors, concrete floors, tin ceilings, damaged plaster or sheetrock walls, electrical and plumbing work required to bring building to code compliance and any other improvements deemed acceptable by the Economic Restructuring (ER) Committee of the RDC. This is a 50% matching grant for projects up to $7000. It is important to emphasize that this grant is a redevelopment incentive and not to be considered for cosmetic or “redecorating” types of projects.
The guidelines and application for both of these grants are available for download at http://www.downtownreidsvillenc.com/
Art & Brad Gayhardt are recent recipients of both The Façade Grant and The Interior Renovation Grant. They are renovating the building at 111 Gilmer St. They plan to open Reidsville Sporting Arms in just a few weeks. We will report and show photos of their progress as they work to renovated the old “Sweet Shop”.
The Façade Grant gives business owners an economic incentive to renovate the exterior facades of their buildings and encourages good design projects that complement the unique historic character of the buildings.
This grant provides a 50% match on an approved façade improvement with a cost up to $5000. For example: your new awing and trim paint cost $2200. The Façade Grant would pay $1100, you would pay $1100. There is even more incentive for major façade improvement that total more than $5000. The formula for funding these projects is 50% of the first $5000 of cost plus 20% of any additional cost up to $30,000., providing a maximum grant of $7500. Removing paint or metal siding or “slipcovers” that cover up the original façades of our beautiful buildings would make a tremendous difference in the overall appearance of our downtown. The Façade Grant applications are reviewed by the Design Committee of the RDC. This committee is also available to help you with your façade improvement design.
The Interior Renovation Grant is designed to provide property owners an economic incentive to undertake careful interior renovation and restoration projects. This program encourages good rehab projects that respect the architectural integrity and unique historic character of the building. These improvements can include the restoration of wood floors, concrete floors, tin ceilings, damaged plaster or sheetrock walls, electrical and plumbing work required to bring building to code compliance and any other improvements deemed acceptable by the Economic Restructuring (ER) Committee of the RDC. This is a 50% matching grant for projects up to $7000. It is important to emphasize that this grant is a redevelopment incentive and not to be considered for cosmetic or “redecorating” types of projects.
The guidelines and application for both of these grants are available for download at http://www.downtownreidsvillenc.com/
Art & Brad Gayhardt are recent recipients of both The Façade Grant and The Interior Renovation Grant. They are renovating the building at 111 Gilmer St. They plan to open Reidsville Sporting Arms in just a few weeks. We will report and show photos of their progress as they work to renovated the old “Sweet Shop”.
Waiting for a new ceiling
A new floor will replace the old rotten one
This back room will be the business office
posted by rdc at 1:20 PM
