Carbondale and RFSD complete land swap |

Carbondale and RFSD complete land swap

Staff ReportGlenwood Springs, CO Colorado

CARBONDALE, Colorado The land exchange between the Roaring Fork School District and the town of Carbondale has been finalized.The exchange includes swapping the old Carbondale Elementary School for a 2.7-acre plot of undeveloped land near Roaring Fork High School.The town of Carbondale has plans for the existing building to be renovated into the Third Street Center, a 501c3 nonprofit transformed into a green multi-tenant nonprofit center. And the Third Street Center has also signed a 49-year master lease with the town of Carbondale to manage the new center.Its a great day. We are excited to have completed this land deal with the school district and look forward to moving ahead on the creation of the Nonprofit Center, said Carbondale Mayor Michael Hassig.The Third Street Center is currently working with interested nonprofit organizations to sign leases and has created some early leasing opportunities in the old school. The predevelopment financing is being provided by The Manaus Fund with construction and permanent financing provided by Alpine Bank.The Third Street Center board and development team will work to renovate the school for local regional nonprofit organizations at a reduced lease rate over the next year. And The Third Street Center board has selected B&H General Contractors as the contractor for the remodel.Some organizations are desperate for space, said Gavin Brooke, development team member for Land & Shelter. So we are doing our best to create some temporary space in a portion of the building despite the fact that we will be heading into construction over the winter. This project has taught everyone to be adaptable.The district is excited to have the deal done as well and plans to build an affordable housing project for school district and city employees.The housing development would be 89 deed-restricted units providing rental and for-sale units for RFSD employees first, city employees second, RFSD partners third, and open to the general public thereafter.RFSD has been working with Perry Rose LLC on a contract regarding the work for the project.

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