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Rieger Hotel qualifies for $5.4M makeover

Andy Ouriel • Nov 9, 2013 at 10:22 AM

A downtown Sandusky landmark long vacant finally received some sweet news of restoration and revival this week.

Columbus-based housing developer Buckeye Community Hope Foundation recently secured enough tax credits, valued at $5.4 million, to transform the old Rieger Hotel into a 37-unit apartment building designed for seniors with retail and restaurants on the ground floor.

The foundation is also in the process of securing an additional $2.6 million to fully fund the project.

Planners also want to include a fitness center for apartment residents, a restaurant, offices and other commercial spaces in the century-old building.

In a perfect world, the refurbished complex would be open for business sometime late next year, foundation vice president Roy Lowenstein said.

"Ninety-five times out of 100, this project will happen," Lowenstein said. "Almost always the award of credits from the Ohio Housing Finance Agency assures that the project will be able to go forward."

Read more on the Rieger proposal in Saturday's Register.

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