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In May, LISC closed an $800,000 loan with Hardesty Renaissance Economic Development Corporation (HREDC) to finance a part of the repurposing of Building 11 of the former Hardesty Federal Complex in the Historic Northeast of Kansas City, MO. Building 11 is the complex's largest building containing approximately 210,000 square feet with 2 stories and a basement.
Once completed, Building 11 will serve as an educational center through a partnership with Northwest Missouri State University (NMSU) that will be opening a campus at Hardesty that offers affordable undergraduate and post-graduate degree programs, including the country's first master's level urban agriculture degree program.
HREDC is redeveloping the Hardesty complex, an 18 acre site comprised of six buildings totaling 572,000 square feet, to serve as the economic anchor and engine it once was for the surrounding community by providing jobs to local residents through the creation of a "food web" that includes food-related retail, wholesale and value-added manufacturing.