Old Cedar Falls post office could be restored - KWWL - Eastern Iowa Breaking News, Weather, Closings

Old Cedar Falls post office could be restored

Posted: Updated:
CEDAR FALLS (AP) -

Restoration could begin on an old post office in Cedar Falls that had been destined for demolition.

The Waterloo-Cedar Falls Courier reports (http://bit.ly/1bXXbq7 ) the Cedar Falls City Council is on the verge of approving a deal with the Cedar Falls Development Group, which was formed to promote historic preservation.

The group plans to spend $500,000 to rehabilitate the building, completed in 1918.

Some of the restoration costs would be covered by a $75,000 state challenge grant.

The development group is expected to sign a 39-year lease and to recoup its investment by renting space to private tenants.

The city also has offered a five-year tax rebate up to $96,000.

Last summer, the council voted to demolish the building, but agreed to delay those plans after preservationists sought to save it.

Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Powered by Frankly