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9 projects in Valley get $12.4M state boost | News, Sports, Jobs – Youngstown Vindicator

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Nine Mahoning Valley projects, led by the 20 Federal Place building in downtown Youngstown, received more than $12.4 million in state grants for brownfield remediation that will assist with economic development.

“Mahoning County getting assistance with five brownfield projects makes for a very good day,” said Deborah Flora, executive director of the Mahoning County Land Bank, which applied for four of the five grants with the Western Reserve Port Authority applying for the fifth. “It’s great to see all levels of government come together to make this happen.”

Three of the Mahoning County projects are in Youngstown with one each in Struthers and Sebring.

Those projects received a total of $9,187,610 while four in Trumbull County were awarded a total of $3,255,623.

The five Mahoning County sites “all hold tremendous potential for successful redevelopment,” Flora said. “These are priority locations in which the land bank, local governments and others have collectively invested significant time and effort, but lacked the necessary funding to proceed in a meaningful way.”

She said the state brownfield grants “turned out to be the critical missing piece for these important projects.”

The nine local projects were among 112 statewide getting $192 million in grants through the Ohio Brownfield Remediation Program as announced Friday by the Department of Development. The program has $350 million in it with $60 million for 78 projects, including $3.4 million for the former St. Joseph Riverside Hospital in Warren, announced April 26.

20 FEDERAL PLACE

The largest local award is $6,962,250 for Youngstown’s 20 Federal Place.

The city will provide about $2.32 million of its own money toward the downtown project.

City officials said the redevelopment of the building at 20 W. Federal St., that could cost as much as $60 million, depended greatly on getting this grant.

The “program plays a critical role to activate the redevelopment of the 20 Federal building by supporting the demolition, asbestos and hazardous material removal,” said Mayor Jamael Tito Brown.

Jim Ambrose, director of business development for Desmone Architects — the Pittsburgh firm selected by the city to redevelop the building — said earlier this week the grant would fund the removal of asbestos and lead-based paint as well as partially demolish the building.

He said there are plans to apply for tax credits through the state Transformational Mixed-Use Development Program tax credit and the Ohio Historic Preservation Tax Credit Program. Projects that get state historical tax credits are eligible for federal tax credits. Between those programs and the brownfield grant, $30 million could be available for the 20 Federal Place project, he said.

“We do believe that this project will come together,” Ambrose said. “It’s just going to be a matter of patience and a matter of unlocking these various funding sources dedicated to this project to kick start it.”

Ambrose said his company’s plan includes demolishing the three-story mezzanine on the Commerce Street side of the building, where the food court is located; building a skylight in the roof that would create natural light all the way down to the ground floor; a parking lot in the basement; and a place to buy baked goods, produce and other foods on the ground floor.

The firm’s proposal also calls for the restoration of the archways on the Federal Street entrance and removal of the canopy; improving the Phelps Street entrance; a rooftop restaurant as well as an observation deck on the roof; one-bed, one-bathroom apartments; and space for innovative businesses.</…….

Source: https://www.vindy.com/news/local-news/2022/06/9-projects-in-valley-get-12-4m-state-boost/

Nine Mahoning Valley projects, led by the 20 Federal Place building in downtown Youngstown, received more than $12.4 million in state grants for brownfield remediation that will assist with economic development.

“Mahoning County getting assistance with five brownfield projects makes for a very good day,” said Deborah Flora, executive director of the Mahoning County Land Bank, which applied for four of the five grants with the Western Reserve Port Authority applying for the fifth. “It’s great to see all levels of government come together to make this happen.”

Three of the Mahoning County projects are in Youngstown with one each in Struthers and Sebring.

Those…….

Nine Mahoning Valley projects, led by the 20 Federal Place building in downtown Youngstown, received more than $12.4 million in state grants for brownfield remediation that will assist with economic development.

“Mahoning County getting assistance with five brownfield projects makes for a very good day,” said Deborah Flora, executive director of the Mahoning County Land Bank, which applied for four of the five grants with the Western Reserve Port Authority applying for the fifth. “It’s great to see all levels of government come together to make this happen.”

Three of the Mahoning County projects are in Youngstown with one each in Struthers and Sebring.

Those…….

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