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Committee approves reprogramming revolving loan funds to help Adaptive Communities buy 607 Washington Street
Summary
The finance committee approved moving community development revolving loan funds into an acquisition fund to provide a forgivable loan to Adaptive Communities to help purchase the former Presto Prince building at 607 Washington Street.
The Wausau Finance Committee approved reprogramming community development revolving loan funds into an acquisition fund to assist Adaptive Communities in purchasing 607 Washington Street (the former Presto Prince building).
Tammy Strats (city staff) told the committee that Adaptive Communities has an accepted offer on the building and is assembling financing and renovation plans to expand its services. The Citizens Advisory…
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