YOUR BUSINESS AUTHORITY
Springfield, MO
YOUR BUSINESS AUTHORITY
Springfield, MO
The credits are awarded through the Missouri Department of Economic Development, which provides financial incentives for the redevelopment of abandoned commercial or industrial sites that are contaminated with hazardous substances.
Big Windows LLC will receive $580,000 to renovate and rehabilitate the 120,000-square-foot former Springfield Paintball complex, 601 N. National Ave. Developer Craig Wagoner plans to spend between $10 million and $12 million to create the Lofts at Jordan Creek and a mix of commercial and retail space.
The state’s investment in that project is expected to help create 106 jobs, according to a DED news release.
Brick City LP also was approved for tax credits, to the tune of $240,000, to renovate and rehabilitate the adjoining properties at 305 West Mill St. and 212 West Phelps St.
Led by developer Matt Miller, the $12 million project will cover a full city block comprising seven buildings. Plans call for 100 lofts and 25,000 square feet of office and retail space.
The tax credits for that project are expected to help spur 97 new jobs, according to the release.
This story originally appeared in SBJ’s Dec. 14 free e-news Daily Update. Click here to register.
This installment of Springfield Business Journal’s Architects & Engineers Project Report showcases 26 endeavors by area design and engineering professionals.
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