Bay City, Michigan 48706
Front Page Photo of the Day Log-IN About us June 28, 2017
(Prior Story)   Business ArTicle 10910   (Next Story)
Sponsored by Bay Area Chamber of Commerce

STATE BACKING: Crapo Building Gets $2.4 Million in Grant and Loan

June 28, 2017       Leave a Comment
By: Dave Rogers

Printer Friendly Story View

The Crapo Building at Center and Washington as it looked in the 1880s. (Photo
Developers say the building will be named The Legacy after its completion..

The 213 Development, LLC, made up of members Jenifer Acosta and Rod Hildebrant, has been awarded a $1.4 million performance-based direct loan and a $1 million performance-based grant to use toward renovations of Bay City's historic downtown Crapo Building.

The renovation of the Crapo building is expected to bring in a capital investment of $11.7 million and create 44 jobs for Bay City.

Ms. Acosta previously completed a redevelopment of the Bay City Times Building into the Times Lofts.

State Rep. Brian K. Elder (D-Bay City) stated his appreciation to the Michigan Strategic Fund's approval today of funding for the redevelopment of the Crapo Building.

"This is an exciting opportunity for downtown Bay City, and I am grateful that the Michigan Strategic Fund sees the economic potential that lies in my city," Rep. Elder said. "These funds will help to restore the impressive architectural beauty of the Crapo building. This renovation will not only breathe new life into this development but into the entire downtown area."

The vacant and blighted five-story commercial property will be renovated into a mixed-use development in downtown Bay City. Three commercial spaces, including one restaurant, will make up the lower two levels, while the upper levels will be transformed into 28 residential market-rate rental units.

"I am pleased to see this progress continue with these grants," Rep. Elder said. "This is not merely an investment in a downtown Bay City building; this is an investment in my people and the wealth of talent and innovation that they have to offer. This award is nothing short of deserved, and I could not be more excited for the opportunities this presents for Jenifer Acosta and the community."

The Crapo is the former Chemical Bank building, which closed in 2014 after the bank moved its headquarters to the Uptown Bay City development. Ms. Acosta estimates the investment to be near $12 million.

The building's ground level will have two offices and one for a restaurant where the bank lobby was located. Another commercial space may be located in the basement.

Acosta hopes construction on the building can meet a completion date scheduled for sometime in 2018.

The Michigan Strategic Fund, in cooperation with the Michigan Economic Development Corp., awards economic and community development portions of the federal Community Development Block Grant program. The program receives its funding from the U.S. Department of Housing and Urban Development.


Printer Friendly Story View
Prior Article

September 12, 2019
by: Kathy Rupert-Mathews
MOVIE REVIEW: "It Chapter Two" ... I Loved It
Next Article

August 26, 2019
by: Rachel Reh
River Jordan Ribbon Cutting is BACC Hot Spot for 8/26/2019
Agree? or Disagree?

Dave Rogers

Dave Rogers is a former editorial writer for the Bay City Times and a widely read,
respected journalist/writer in and around Bay City.
(Contact Dave Via Email at

More from Dave Rogers

Send This Story to a Friend!       Letter to the editor       Link to this Story
Printer-Friendly Story View

--- Advertisments ---

0200 Nd: 09-16-2019 d 4 cpr 0


(Ads not affiliated with Google)

Ads By
Historical Press - By Dave Rogers
Purchase Your Copy Today!

Ads By

Ads By
Begick Nursery and Garden Center

Designed at OJ Advertising, Inc. (V3) (v3) Software by Mid-Michigan Computer Consultants
Bay City, Michigan USA
All Photographs and Content Copyright © 1998 - 2019 by OJA/MMCC. They may be used by permission only.
P3V3-0200 (1) 0   ID:Default   UserID:Default   Type:reader   R:x   PubID:mbC   NewspaperID:noPaperID
  pid:1560   pd:11-18-2012   nd:2019-09-16   ax:2019-09-20   Site:5   ArticleID:10910   MaxA: 999999   MaxAA: 999999
CCBot/2.0 (