A rooftop restaurant in downtown Covington, a former grain mill in Newport’s transformation into a restaurant, a historic Dayton building and the renovation of the former St. Elizabeth’s Hospital all received a grant from the Duke Energy Foundation.
The regional utility has announced the recipients of its 2021 urban revitalization grants in Ohio and Kentucky.
$ 110,000 was awarded to these four northern Kentucky projects in the eleventh year of the grant program.
Since the program began in 2011, Duke Energy has awarded more than $ 2.9 million to 91 grantees in Greater Cincinnati.
“Our urban corridors and main streets are essential to the vitality of our local communities, but they have been negatively affected by the pandemic,” said Amy Spiller, president of Duke Energy Ohio and Kentucky. “With our Urban Revitalization Grants, we can help be part of the long-term solutions our neighborhoods need to spur development and be successful.”
Grants generally provide complementary funding and are catalysts for further economic development in the urban core.
“We are very grateful for our partnership with the Duke Energy Foundation which so strongly supports our investments in the river towns of northern Kentucky,” said Jeanne Schroer, president / CEO of the Catalytic Fund in Covington, which helps developers fund projects. “Duke Energy consistently gives back to the communities they serve and their support is critical given the increased needs over the past 18 months. With the support of Duke, we can continue to convert vacant and dilapidated buildings into productive assets, create jobs in our area, and continue to help our local economies recover.
The Catalytic Fund was a partner in three of the Northern Kentucky grants.
The Republic Bank building at 6th Street and Madison Avenue in downtown Covington is currently undergoing renovations. A $ 35,000 grant from Duke will help create a rooftop restaurant called Char.
The Raymee Building on 6th Avenue and Berry Street is slated for redevelopment and has received $ 40,000 from Duke to make it a mixed-use property.
In Newport, a future restaurant called the Granary received $ 35,000 for its efforts to design and design a former grain storage and storage facility at 532 West Tenth Street in the restaurant and event space.
In addition, the Center for Great Neighborhoods received $ 10,000 for its St. Elizabeth Studios project in the former hospital located at 20th Street and Eastern Avenue in Covington. The funds are to help design the construction of the fifth floor of the old hospital into artist studios that could also house creative ventures.
Read News from the river cityprevious coverage of this effort here.