In a July meeting of the Montevideo City Council, Economic Development Director Alek Schulz explained the MCDC met and recommended a $20,000 loan to The Workroom for expansion of their fitness business. They will be moving into the old Armory building at 802 North 2nd Street and plan to renovate the east side garages and parking lot.
This would be a 10-year loan at 4 percent. The Council unanimously passed the resolution to authorize the loan.
The project still requires a Conditional Use Permit. The Planning Commission will take up the issue this month.