The Michigan Economic Development Corporation on Wednesday announced that Michigan Strategic Fund has given final approval of $83.8 million in grant funding across 22 statewide community development projects around Michigan through the Revitalization And Placemaking program.
One of them is in downtown Marquette, where Ore Dock Real Estate, LLC – Rosewood is getting $3.9 million to rehabilitate an existing building much-needed workforce housing and support a growing business in downtown Marquette. The project includes placemaking components through outdoor entertainment areas, urban green spaces, public infrastructure improvements, and the creation of four new housing units through both historic and conventional rehabilitation practices.
In addition to bringing workforce housing, the project will provide new, safe, outdoor public gathering spaces and walkways, which is a direct response to the COVID-19 pandemic. The project is expected to generate a total capital investment of $7,816,456, supported by a $3,905,000 Real Estate Rehabilitation RAP award.
“The RAP grant program is helping us materialize a vision, execute a strategy, and achieve goals we never believed possible coming out of the COVID-19 pandemic,” said Ore Dock Brewing Company Co-Founder and General Manager Andrea Pernsteiner. “With the support of the MEDC and other community partners, we look forward to creating a space that will honor the legacy of the trestle property while affording us the opportunity to continue building toward a sustainable future.”
In a Facebook post, Ore Dock Brewing said it was “blown away” by the support.
There were two other U.P. grants awarded from a different pot of money: the City of Houghton was approved for $1 million, and the City of Negaunee $865,000.
The Revitalization and Placemaking (RAP) program utilizes $100 million in federal American Rescue Plan dollars to support investments in projects that promote population and tax revenue growth to proactively address negative economic impacts of COVID-19 in traditional downtowns, social zones and public spaces. Today’s announcement includes the allocation of $83.8 million in funds; the remaining awards will be announced at a later date.
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