Developer wants to convert Dubuque school into apartments
DUBUQUE, Iowa (AP) — A developer wants to convert a fire-damaged former school in Dubuque into apartments.
The Telegraph Herald reports a Kansas City area developer is seeking tax credits from the Iowa Finance Authority to convert the former Holy Ghost school and a nearby convent into apartments.
Brian Sweeny, development director for the Cohen-Esrey Development Group, says the plan to convert the buildings into 28 residential units would cost about $6.5 million. The developer plans one- and two-bedroom units.
Five of the units would be market-rate and the others would be restricted to tenants earing 30 percent to 60 percent of the median income.
A September fire damaged the former school but Sweeney says the structure remains sound.
Information from: Telegraph Herald, http://www.thonline.com