The Clinton Herald, Clinton, Iowa

Local News

June 27, 2013

Wilson building project still moving forward

CLINTON — Although it might appear that progress has stalled on the Wilson Building, officials with the historic renovation company Frantz-Hobart say they are diligently working to procure the Clinton landmark.

Cedar Rapids-based Frantz-Hobart told members of the Clinton City Council on Tuesday the reason the public hasn’t seen any of the progress on the $7 million renovation project is because of issues with the building’s title.

The building was sold through a tax sale to Taxl Partnerhsip #4 out of Davenport in 2009. The deed to the property was transferred to Taxl from Bill Twyford last September. Frantz-Hobart financial partner John Bradley said tax certificates are often complicated, but he estimates Frantz-Hobart will own the building at 217 Fifth Ave. South within 30 to 60 days.

The delay in purchasing the building will push back the time Frantz-Hobart has slated to have tenants in the building to July or August of next year.

Despite the seeming lack of movement on the project, Frantz-Hobart is actively engaged in securing the building, CEO Mike Frantz reiterated in an interview with the Herald. Frantz said his company has already invested $50,000 in the Wilson Building in title searches, environmental investigations and other processes.

“We’ve never not gotten it done from this point,” Frantz said. “We are so committed to this building and this city and we will continue to work within the guidelines that we can. Patience is a virtue here. “

Frantz-Hobart plans to turn the building into 30 market-rate apartments with street-level retail space. In order to complete the renovations, the company uses state and federal historic tax credits, which Frantz said the company has locked down.

“It’s a little bit more painful with all the title issues and securing the historic tax credit funding, but it’s worth it,” Frantz said. “The advantages of what we do is revitalizing downtown. Historic renovations are much more complicated, but the results are palpable.”

Text Only
Local News
  • 4-16-14 Braley Visit Local candidates gear up for primary election CLINTON -- The campaign trail is heating up a little early this year for Iowa politicians as the primary election is on the horizon and many challengers await. Three Republican primary races are causing those candidates to get their names and faces o

    April 16, 2014 2 Photos

  • City considers upsizing storm sewer capacity CAMANCHE -- Residential development is a key component to the fortitude of Camanche, according to city leaders so they are taking the steps necessary to keep it an appealing location for future investors. To do so, those leaders are looking to up siz

    April 16, 2014

  • Schools will continue sports-sharing agreements CLINTON -- Students attending Camanche, Central DeWitt, Northeast and Prince of Peace schools still will be able to participate in the athletic programs offered in the Clinton School District. At a meeting Monday, Clinton School Board members approve

    April 16, 2014

  • Sex abuse trial continues CLINTON -- Assistant County Attorney Ross Barlow began his case Tuesday against a man charged with sexual abuse of a 3-year-old girl. Russell McColley, 39, is charged with second-degree sexual abuse, a class B felony carrying as much as 25 years in

    April 16, 2014

  • Cattail Slough closed due to high water FULTON, Ill. -- The U.S. Army Corps of Engineers Mississippi River Project announces that Cattail Slough recreation area south of Fulton has been closed due to high water levels. The recreation area will remain closed until it has dried out sufficie

    April 16, 2014

  • Thefts from farms investigated MOUNT CARROLL, Ill. — Carroll County Crime Stoppers is asking for help to solve two recent burglaries being investigated by the Carroll County Sheriff's Department. A caller could receive a reward of as much as $1,000 for information leading to an ar

    April 16, 2014

  • MAP: January & February arrests by ward

    The monthly arrest reports for January and February indicate 139 total arrests were made by Clinton police during that time period.

    April 15, 2014

  • 4-15-14 Clinton School Board Meeting UPDATED: School board finalizes new budget, cuts positions

    Job cuts in the Clinton School District were made official this week.

    Clinton School Board members approved 12 job cuts in February to make up a $907,751 deficit in the fiscal year 2014-15 school district budget. On Monday, the board unanimously approved the final budget, which included the cuts.

    April 15, 2014 1 Photo

  • 4-15-14 jail photo County hears jail proposal

    CLINTON -- A needs assessment study on the Clinton County Jail and communications department is bringing forth more questions on how the city and county will proceed. Former Clinton County Justice Coordinating Commission Coordinator Brian McKenrick a

    April 15, 2014 1 Photo

  • Sex abuse trial under way in Clinton CLINTON -- Prosecutors will present their case today in the trial of a Clinton man accused of sexual abusing a 3-year-old girl. The trial against Russell S. McColley, 39, began late Monday afternoon. He is charged with second-degree sexual abuse, a c

    April 15, 2014

Facebook
Clinton
Camanche
Fulton
Clinton Herald photos


Browse, buy and submit pictures with our photo site.