By Bryan Boggiano
The Coral Square Mall will get a facelift in the upcoming year.
The city commission approved a $40,348 grant to Coral-CS/LTD, Associates, to make various improvements to the mall’s exterior at their Thursday meeting.
The grant will help fund exterior repainting, landscaping, and signage replacement projects.
The funds come from the city’s Economic Development Incentive Program Grant, a pilot program and grant that the city’s economic development office administers.
Grant funding goes to revamping functionally obsolete buildings and development or redevelopment opportunities to eliminate and prevent slum, blight, or deterioration, according to city documents.
Coral CS/LTD applied for the Building Exterior Improvement Grant, which is under the office’s pilot program.
This grant specifically includes office, retail, manufacturing, and industrial buildings.
According to city documents, this grant helps to rehabilitate, renovate and improve these properties to enhance the surrounding area. This, in turn, would increase property values and residential and commercial appeal.
The grant reimburses up to half of all eligible costs. The highest reimbursed amount is $50,000.
The mall improvement cost before reimbursement will be $80,696, which Coral CS/LTD will pay to three different contractors.
Hartzell Painting will receive $23,925 to repaint the mall’s three main building entrances at the north, west, and east sides.
Entire Maintenance Solution will receive $25,695 to enhance landscaping to mall entrances and medians.
Art Sign Company, Inc. will receive $31,076 to refurbish six existing directional signage structures.
Coral CS/LTD will have until October 2023 to disburse the funds. After that, they may request an extension from the city manager.
The city will not reimburse grant funding until after the project is complete.
Commissioner Joy Carter moved to approve the grant funding. Commissioner Shawn Cerra seconded. The motion passed unanimously.
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