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Redevelopment agency discusses $500,000 adaptive‑reuse loan for Honeysuckle project on Main Street
Summary
Midvale Redevelopment Agency staff described a proposed $500,000, seven‑year, 0% adaptive‑reuse loan to rehabilitate an existing house on Main Street for a cafe, bakery and barbecue courtyard (Honeysuckle); the board discussed activation benefits but took no action at the Sept. 16 meeting.
The Midvale Redevelopment Agency on Sept. 16 discussed a proposed adaptive‑reuse loan term sheet for a project at 7511 Main Street (Honeysuckle) that would convert an existing, structurally deficient house into a mixed food and courtyard venue.
Agency staff presented a term sheet for a $500,000, seven‑year, 0% loan to fund structural upgrades and code‑required work…
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