- Des Moines City Council approved a $160,000 forgivable loan for Cedar Ridge Vineyard, LLC to renovate a commercial space at 1312 Locust Street.
Cedar Ridge Vineyard is one step closer to renovating and opening within the space that once held the restaurant Americana.
On Monday, the Des Moines City Council approved a loan agreement with Cedar Ridge Vineyard, LLC for a $160,000 forgivable loan to be specifically used for renovation costs of the commercial space located at 1312 Locust Street. The funding will come from Metro Center Urban Renewal Area Tax Increment Financing.
The loan agreement states that Cedar Ridge must complete a project costing at least $1,325,000 — reactivating what the city sees as an underutilized space…