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FH receives Cleveland Foundation grant for facilities study

FutureHeights has been awarded a $4,300 grant from the Cleveland Foundation to fund the balance of a $21,500 Facility Feasibility Analysis for Coventry P.E.A.C.E. Campus conducted by IFF. The project will consist of analyzing the space requirements of tenant organizations; assessing the building’s condition; assessing market conditions and financial feasibility; and preparing operating pro formas and preliminary financing scenarios that would enable Coventry P.E.A.C.E. to implement a long-term ground lease with the library. The project is one of three IFF pilot projects in Ohio enabled through a grant from Fifth Third Bank that covers 80% of the study.

 

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