New life is being breathed into a significant building in the historic center of Lake Wales after actions taken by the Lake Wales Community Redevelopment Agency on Tuesday.
The city commission, sitting as the CRA board, also agreed to a new loan program to help local investors fund the renovation of five downtown retail units.
“This is new, this is the first one,” CRA Executive Director James Slayton said of the $100,000 loan toward a First Street property owned by Tammy and Stephen James. The building is currently only partially occupied, but new tenants are waiting in the wings, Tammy James told the board.
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