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  • Redefining an Old Steel Town Through Key Investments

    Wednesday, December 11, 10:45 am - 11:15 am
    West Hall A – Area B
    Learning Lounges
    Track 2: Financing Options, Real Estate, & Economic Development
    The City of Lorain is realizing a great resurgence with a $9.1 million renovated historic downtown hotel, more than $23.5 million Black River cleanup and restoration, $3.9 million downtown streetscape improvements, improved riverfront gathering space, and many more revitalized properties. Learn how mid-sized cities can tackle enormous brownfield challenges by assembling funds from a variety of sources, including federal and state brownfield and transportation programs, Great Lakes Restoration Initiative, HUD CDBG, historic tax credits, private investments, and creative financing. Hear dramatic stories from Port Authority officials on how they are addressing environmental challenges on large and small properties, inspiring developers and banks to invest in the community, and motivating community leaders to leverage projects and funding to magnify local benefits and ignite redevelopment momentum.
    Tiffany McClelland
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