MAY 16, 2012 (LINCOLN, NEB.) The Nebraska Department of Economic Development has awarded a total $450,000 from the Civic and Community Center Financing Fund to the cities of Ralston and Sidney for projects related to the renovation and development of cultural and convention centers.
The City of Ralston will use its $200,000 to help fund completion of ballroom and convention center space in the Ralston Sports and Events Center.
The City of Sidney will apply its $250,000 toward completion of the new Sidney Convention and Training Center.
The Nebraska Legislature renamed the Fund during its 2011 session. It was created in 1999 as the Local Civic, Cultural and Convention Center Fund at the same time that financing assistance was approved for development of the Qwest Center (now named CenturyLink Center) in Omaha.
A municipality receiving a grant from the Fund must own the civic, cultural, or convention center for which grant assistance is sought. The grant amount can be up to fifty percent of the cost of construction, renovation, or expansion of the center. The maximum grant amount is also determined by the population size of a municipality.
|< Prev||Next >|