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Praxis Center loan extension recommended by BLDC; commission concurs and places request on file
Summary
Butte Local Development Corporation staff asked the council to concur with a second loan modification extending the deadline for construction financing; the council voted 12‑0 to concur and place the request on file.
Butte‑Silver Bow commissioners on Jan. 22 concurred with a request from the Butte Local Development Corporation (BLDC) to authorize a second loan modification for the Praxis Center financing and placed the matter on file.
Kelly Sullivan, BLDC director, said Praxis asked for an extension of the deadline to obtain construction financing from July 2024 to April 30, 2025; the borrower is making interest‑only payments in the meantime. The council voted 12‑0 to concur with communication…
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