Arcade renovation undertaking receives $1M from condition company

The Arcade in downtown Newark acquired $1 million from the Ohio Services Building Commission as section of the state’s money funds that was accredited Wednesday.

Earlier this 12 months, the Arcade gained $1.5 million in tax credits as Robertson Design prepares to begin renovation on just one of the state’s very first glass-roofed shopping arcades.

A lot more:Downtown Newark Arcade challenge gets a different $1.5 million in point out tax credits

Newark Growth Associates executive director Fred Ernest mentioned they have stabilization, clear out and demolition occurring currently. He extra they’re hopefully in their last period of that and anticipate construction need to start out in the subsequent six weeks.

“That $1 million we are heading to use towards the atrium spot where we are going to have a winter season time farmers’ market and other things,” Ernest claimed. “It aids put the whole puzzle with each other. As we know, setting up charges are fast expanding.”