(LANSING) – The City of Coldwater is one of three communities receiving State funds to help with renovation projects.
Governor Gretchen Whitmer and the Michigan Economic Development Corporation announced Tuesday four projects happening in three communities are receiving support from the Michigan Strategic Fund. The projects are expected to generate a total capital investment of $2.3 million, which will bring new vitality and economic activity to Coldwater along with Cheboygan and Sault Ste. Marie.
Caywood Propane Gas, a family-owned business based in Hudson, Michigan, plans to renovate a vacant, three-story building at 8 South Monroe Street in the historic district of downtown Coldwater into a mixed-use development. When completed, the project will include commercial space and five apartment units. The project is expected to generate a total capital investment of $804,960 and will create a revitalized space on a key block in Coldwater’s historic district, while also bringing critical housing units to downtown.
The Michigan Strategic Fund has approved a $250,000 MCRP performance-based grant in support of the project. The City of Coldwater has approved a $10,000 facade grant for the project and has also approved a 10 year Commercial Rehabilitation Act tax abatement valued at $111,000. Coldwater is engaged with MEDC's RRC Program.
Coldwater City Manager Keith Baker says they look forward to welcoming Caywood Propane to the downtown and are glad that City Council and staff have been pursuing RRC certification. Baker says the ability of downtown projects like this one to apply for MCRP and other funding sources is proving to be a key component in developing Coldwater's historic buildings and adding much-needed housing.
(07-18-2025) Braun Launching Task Force On Indiana’s Emergency Alert Systems
(07-18-2025) Quincy Hires Ryan Smead As Village Manager
(07-18-2025) Centreville Covered Bridge Days Starts Today
(07-18-2025) Opening Ceremonies Kick Off 2025 Bronson Polish Festival
(07-18-2025) Michigan’s Unemployment Edges Down In June
(07-18-2025) St. Joseph County Finances Are Doing Well
(07-17-2025) 55th Bronson Polish Festival Starts Today
(07-17-2025) SJC Prosecutor’s Office Handling Kalamazoo County Case
(07-17-2025) Trine Names Samuel Drerup Dean Of Health Sciences School
(07-17-2025) Data Center Coming To Van Wert
(07-17-2025) Angola Announces Change To Chip And Seal Schedule
(07-17-2025) Three Rivers Beacon Nurses Get New Contract
(07-16-2025) Bronson Approves Construction Manager Contract For City Hall Project
(07-16-2025) SJC Commission Votes To Have Environmental Testing Done
(07-16-2025) Auburn Man Injured In Two Vehicle Accident
(07-15-2025) LaGrange County Council Approves Increase To Innkeepers Tax
(07-15-2025) Harrison Man Sentenced On CSC Charges In St. Joseph County
(07-15-2025) Authorities Identify Man Killed In Motorcycle Crash
(07-14-2025) Indianapolis Man Injured In Two Vehicle Collision
(07-14-2025) Kidnapping Suspect Arrested In Northeast Indiana