Once all tax credits have been received and sold for the renovated Education Building at 131 West 7th adjacent to the C.L. Hoover Opera House, officials estimate that there could be $120,000 to $150,000 still owed on the project. The plan is to eventually transfer the building, which is part of the Opera House complex, to ownership by the City.
After the sales of the tax credits are completed the City could choose to receive the building and assume the balance owed. The city commission heard the proposal Tuesday night, but City Manager Allen Dinkel confirmed no action was taken. One idea might be to use American Recovery Program Act funds, bur no decision has been made.