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Historic revitalization

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Adrian Michigan is hoping to partner with it's downtown business owners on a project to re-hab it's older buildings.  A lot of the business owners would love to renovate the 2nd and 3rd floors of their businesses, but cost is all to often prohibitive. Doug Grossman owns "Mandy's Bar and Grill" in downtown Adrian.  Grossman says "We've wanted to renovate the upstairs for a long time, but it's time and money."   A new funding program called "Rental Rehab" is offering Grossman and other business owners some help.  If business owners can come up with 25% of the funds, the rehab program will contribute up to 35-thousand dollars per rental unit.  The city of Adrian has hired a development firm to help owners negotiate their way through the loan process.  Kathleen Eriksen of Eriksen Development Company says "We fill out the paperwork, we even help apply to the state of Michigan for funds, we even help facilitate all the different asbestos surveys."  Chris Miller, director of economic development for the city of Adrian estimates there could be up to 30 apartments renovated from the funding, and construction could begin as early as late Spring or Early Summer.

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