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MegadealsSubsidy Tracker Individual Entry
Company: Wright Opera Block, LLC
Parent Company:
Subsidy Source: state
Location: Michigan
City: Alma
Address: 101-113 East Superior St. Alma
Zip: 48801
Project Description: CRP: Wright Opera Block, LLC was awarded a $1,000,000 performance-based grant to redevelop the Wright Opera House and adjoining properties. The properties consist of multiple three-story buildings and an adjacent one-story building. The top two floors of the building will be renovated into approximately 14 residential units for 47 Alma college students. The first floors will be renovated to accommodate multiple commercial/retail tenants. The project is expected to create 42 full-time equivalent jobs with total capital investment of $6,703,829.
Year: 2015
Value of Loan, Loan Guarantee or Bailout Assistance: $798,207
Loan Value Notes: Loan amounts do not reflect repayments. See the original source for that information.
Program Name: 21st Century Jobs Fund/Develop Michigan
Awarding Agency: Michigan Economic Development Corporation
Type of Subsidy: loan or bond financing
Number of Jobs or Training Slots: 42
Source of Data:
(click here)
Notes: Year is fiscal year. Jobs is sum of new and retained positions.
Source Notes: If an online information source is not working, check the Tracker
inventory page for an updated link.