Posted on Monday May 02, 2022
Iowa Economic Development Authority Director Debi Durham capped off her speech at the Coon Rapids Hardware Hank ribbon cutting ceremony last Friday with the announcement that the City of Coon Rapids has been awarded a $200,000 Downtown Housing Grant Award for the Northside building.
Coon Rapids (April 29, 2022) - Iowa Economic Development Authority Director Debi Durham capped off her speech at the Coon Rapids Hardware Hank ribbon cutting ceremony last Friday with the announcement that the City of Coon Rapids has been awarded a $200,000 Downtown Housing Grant Award for the Northside building.
“The ribbon cutting ceremony for the Coon Rapids Hardware Hank expansion project was a milestone event for us, but the icing on the cake was Director Durham’s announcement that we have been awarded a grant for another downtown building renovation,” said Main Street Coon Rapids Executive Director Katie Mason.
The newly created Downtown Housing Grant provides $20 million in financial assistance for projects supporting local downtown revitalization through new and renovated housing opportunities in communities under 30,000. This funding invests in building rehabilitation projects to increase local upper floor housing options.
The City of Coon Rapids applied for $200,000 to aid S&L Northside Rec, LLC (Bryan Spangler and Tim Lee of Coon Rapids) in their renovation of the former Northside Bar building. Located at 511 Main Street, the building has long been home to the Northside Recreational Parlor. The two-story Romanesque commercial building still has much of its historic attributes, including cornice and parapet. However, the building sustained an unknown amount of damage in 2018 when a fire destroyed the IOOF building next door. The building was owned by Mike Hartl, who purchased the business and real estate back in 1995. He died October 30, 2021, and the Hartl Estate sold the property to S&L Northside Rec, LLC in January.
The Downtown Housing grant will help fund renovation of two second-floor apartments of the Northside property and repairs to the east wall that was exposed to the 2018 fire. The grant will also provide funds for roof repairs, new facade windows on the second story, and repairs to the stairwells and doorways to the apartments. The city and investors are required to match at least 25 percent of the project cost. The city pledged $37,500 in Tax Incremental Financing (TIF) funds in support of this project which is estimated to cost $347,000. The grant is similar in operation to the Catalyst grant which is currently being used to renovate the old hardware store property on behalf of new owners Ryan and Kristy Bass.
“Bryan and Tim have created a wonderful vision for Coon Rapids’s Northside building. We are grateful for their investment in downtown Coon Rapids,” said Mason who also mentioned that MSCR will apply for a Challenge Grant this summer to aid Spangler and Lee in renovations to the first floor and facade. “This project with Bryan, Tim, the City of Coon Rapids and the IEDA, is another great example of the power of private/public partnerships and the immense impact they can have on a community.”
The renovation and expansion project of the Coon Rapids Hardware Hank building was the first major building renovation, grant award ($75,000 Challenge Grant) and private/public partnership undertaken with the assistance of MSCR. It created momentum that has now led to 10 buildings on Main Street slated for major renovations.
“It was very appropriate that Director Durham made the Downtown Housing Grant announcement during the Coon Rapids Hardware Hank ceremony, as I don’t think our downtown revitalization efforts would be as successful as they are without the first major and wildly successful hardware store project,” explained Mason.
The 10 buildings scheduled for renovation or currently under renovation in Coon Rapids include:
1. 517 Main Street - former hardware store building ($100,000 Catalyst Grant)
2. 511 Main Street - Northside Building ($200,000 Downtown Housing Grant)
3. 400 Main Street - Old ambulance building ($183,818 CDBG-CV Facade grant)
4. 406 Main Street - Main Street Coon Rapids ($61,916 CDBG-CV Facade grant)
5. 408 Main Street - Nature Ammil ($53,000 CDBG-CV Facade grant)
6. 413 Main Street - Venteicher Electric ($66,146 CDBG-CV Facade grant)
7. 500 Main Street - Mohr Construction & Lumber/Brown Bag & Co. ($77,735 CDBG-CV Facade grant)
8. 504 Main Street - Coon Rapids Enterprise ($68,678 CDBG-CV Facade grant)
9. 508 Main Street - Village Hobby House ($77,788 CDBG-CV Facade grant)
10. 521 Main Street – Former Stacy’s Boutique ($100,000 CDBG-CV Facade grant)
Photo: Iowa Economic Development Authority Director Debi Durham announced that the City of Coon Rapids has been awarded a $200,000 Downtown Housing Grant Award for the Northside building. Pictured in front of the Northside Bar at 511 Main Street are from left Coon Rapids Mayor Jeff Anthofer, Director Durham, Main Street Coon Rapids Director Katie Mason and Tim Lee (co-owner of building). Missing from photo is co-owner of the building Bryan Spangler.