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Fifth Street Corridor

Friday, September 16, 2011

St. Charles Seeks Grant Funding for Fifth Street, Tourism Center

St. Charles will apply for a TIGER 3 grant to fund 80 percent of $14.5 million improvements to First Capitol, Fifth Street.

St. Charles is eyeing the former Mary Rents building at the corner of Fifth Street and Boone's Lick Road as a possible location for an additional tourism center and a transportation hub for the city.  The tourism center and transportation hub are part of $14.5 million proposed improvement project for the Fifth Street and First Capitol corridor. The city plans to apply for a federal Transportation Investment Generating Economic Recovery 3 Discretionary Grant to fund the project. TIGER 3 grants are being awarded by the U.S. Department of Transportation for infrastructure projects that would have a significant impact on a metropolitan area. If awarded, a TIGER grant could fund up to 80 percent of the project. "There are so many good points …

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