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Bond bank approves amended ERAP services agreement to fund feasibility study for historic property

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Summary

The board approved an amended service agreement with the Evansville Regional Economic Partnership to conduct a feasibility study on a long‑vacant historic property; the presenter said ERAP's costs for the study are not expected to exceed $50,000 and the agreement's compensation figure was amended.

The Evansville Local Public Improvement Bond Bank approved an amended service agreement with the Evansville Regional Economic Partnership (ERAP) to execute a feasibility study for restoring a long‑vacant historic property in the city.

An ERAP official who identified themself as the organization's chief economic development officer told the board ERAP will engage an architect and a specialty financial consulting firm with hotel experience.…

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