Annandale Receives Grant To Revitalize Retail Space
ANNANDALE (WJON News) -- An area city has received a grant to help renovate a downtown building. The City of Annandale has received a $176,000 grant to remove asbestos and demolish the building at 20 Oak Ave South.
The city will then redevelop the site into a mixed use building that will include two 2,500-square-foot retail spaces and four apartments. The project will help leverage $1.7 million of private investment, with matching funds being offset by tax increment financing.
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The grant was part of $1.9 million in grants awarded by The Minnesota Department of Employment and Economic Development.
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