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|Bondi Building Latest Applicant for Revolving Loan, Facade Renovation Funds
|A downtown Galesburg office building could be the latest to get city-backed money for major renovations if the Galesburg City Council approves of it Monday night.
Aldermen will consider giving a nearly $127,000 revolving loan to Bob Bondi and his company that owns the Bondi Building at 311 East Main Street, along with $27,000 in Facade Renovation Grant money that will help, City Manager Dane Bragg says, replace 136 windows, repair various parts of the structure's exteriors, and replace the main entry doors, among other things.
Bragg tells WGIL some may not look at the work as actual facade renovation, but he sees it differently.
"It's going to translate into more efficient heating and cooling for that building, which is going to help out the tenants of that building," Bragg said. "We think it's a great project. A fairly small amount of money for the city to put forward to make the project happen."
The seven-story, over 80-year old building has been in the Bondi family, city officials say, since it was built, and currently has about 50 different businesses and organizations housed in it.
Bragg says if approved, Bondi would make a down payment on the loan before the end of the year, and construction would begin in two or three months.
Aldermen Monday night will also consider providing $400,000 -- the lions share of which over 10 years -- to the Knox County YMCA for its soccer complex construction project.
The council convenes at 7:30 Monday night in City Hall.
(The Bondi Building in downtown Galesburg. WGIL News Story and Photo by Will Stevenson.)
|12 21 09 by Newsroom
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