Donors pledge $3 million as Spring Grove explores mixed-use reuse for former Mulqueen’s site
Officials said site cleanup is complete and investors have pledged about $3 million; the city and a real estate fund discussed a condominium-style plan that could include city hall and library space to make the project financially viable, while the library has separately been awarded a $700,000 grant.
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Director Courtney Bergey Swanson updated the joint meeting on the former Mulqueen’s site, saying environmental cleanup is complete and foundation removal is the only remaining task. She told attendees that financing through the interested real estate fund currently does not meet investor return expectations given local rental rates, but that private donors have pledged about $3 million that could be donated to a public entity to help bridge the gap.
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