keyboard_arrow_up

County repaid on loan made for Red Rock Commercial Center

County repaid on loan made for Red Rock Commercial Center

(Thermopolis, Wyo.) - The Hot Springs County Commissioners Tuesday noted that they had been repaid for the $42,000+ county loan made back around 2008 for the development of the Red Rock Commercial Center. Using a combination of Wyoming Business Council financing and matching funds from the community, the grand opening of the commercial center was held in November of 2008. The center, however, failed to attract any long-term tenants and sat vacant since then. The Hot Springs County Economic Development Company recently sold the land to the Wyoming Dinosaur Center which plans to construct a museum on the site, adjacent to Highway 789/US 20 on the south side of Thermopolis. "Following the sale, the EDC has repaid our loan from Hot Springs County," wrote EDC Board President Anthony Barnett in a thank you letter to the commission. "On behalf of the Board of Directors, I would like to thank the Commissioners for the support on this project." The $42K loan payment was directed back to the county's general fund, according to Commissioner Brad Basse. "We received good benefit from that project as the South Thermopolis water and sewer project was a result, and we'll retain the Dinosaur Center for the community as well," he said. Chairman John Lumley said the commercial center is a much better location for the Dinosaur Center, "It's such a better target for visitors," he said. Plans for the new museum have not yet been announced, but are in the works, according to the commissioners. *Feature Photo: Red Rock Commercial Center entrance. (Pitchengine Communities) * #springcity #news