Union Central fills gap
After already agreeing to tax increment financing, the Detroit Lakes Development Authority is also helping the Washington Independent Care project with gap financing.
The 30-unit senior living facility, which is being built at the former Washington Elementary School site on North Washington Ave., will cost about $3.25 million. Developer Bob Bristlin came before the DLDA Tuesday afternoon to ask for $250,000 to bridge the financing gap on the bank loan.
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