Local News

REQUEST APPROVED FOR DEPOT DEVELOPMENT MONEY

(Richmond, IN)--Half a million dollars was earmarked by the Richmond Redevelopment Commission Wednesday for improvements to the historic Depot building.  But, the money is in the form of a forgivable loan and won’t be dispersed until other financing is in place.  Also, if the occupant, Better Homes and Gardens Realty, leaves within five years, the entire amount must be repaid.  A separate request for $170,000 for an elevator in the building that houses the 4th Floor Blues Club was rejected.