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December 13th, 2009

Minnesota lawmakers eye 'shovel-ready' projects

Abstract:
In 2005, the Legislature approved $600,000 to build a nanotechnology incubation facility in the city. But there was one big problem -- money. City Administrator Windy Block said the city did not have the $600,000 in matching funds to make the project happen.

Then a devastating flood hit the city in 2007. Last session, Block said city officials had found a new use for the money. They hoped to pair with federal flood recovery dollars to help build a new, larger community center. But efforts to get the bonding appropriation changed to a community center failed.

With the bond money set to expire, Block said the Rushford Institute for Nano Technology is hoping to raise the needed $600,000 to make the project happen. It's still unclear whether the center will reach its fundraising goal in time. If that is the case, he said the city of Rushford would likely ask lawmakers to give them more time.

Source:
postbulletin.com

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