The city of Holdrege has been selected to receive $350,000 as part of the Nebraska Department of Economic Development's Phase II for the Downtown Revitalization process.
The money will fund two separate projects for the town's downtown area.
One project is aimed at improving the "streetscape" on parts of East and West Avenues. This includes replacing sidewalks, curbs and gutters in an effort to improve both safety and eye-appeal.
This project will cost around $320,000. $40,000 will be funded through the city of Holdrege, with the rest provided by the grant fund. Additionally, the city has committed $100,000 for new light poles in the downtown area.
The second project will create a Facade Improvement program to make funds available to downtown businesses for building improvements.
Approximately $215,000 will be put towards this fund, with the Phelps County Development Corporation contributing $160,000 of that amount. The corporation will also manage the program.
"The approval of the Phase II grant application is an exciting moment for Holdrege," said Katie Ostgren, director of the Holdrege Area Chamber of Commerce. "This accomplishment is the result of several years of work by a number of individuals and organizations. What an awesome impact their work will have on the future of the community!"
The chamber has served as the lead agent on this project and will continue to oversee the implementation of the projects.
The next step is to finalize details for both programs, with implementation expected to occur over the next two years.