RALSTON, Neb. (KMTV) -- — Ralston’s Hinge Project takes a major step to updating a historic building.
The Old Ralston Granary, which has been around since the early 1900’s, will be redeveloped for $14 million into a space for businesses, and residents to live and work.
“I See It Ventures” is investing most of the money and taxpayers won’t pay anything thanks to the estate of Ladonna Johnson, a longtime Ralston resident who died.
It’s part of the overall Ralston Hinge to redevelop an area from 72nd - 77th Streets from Main Street to the south.
Bushwackers will stay in its location. Two businesses are already set to move in when it’s done. There will be a green space for community gatherings outside of Bushwackers.
Developers believe it will thrive in Ralston’s Hinge Plan.
“It is one of the most beautiful and historic locations in the metro area, one of the most beautiful buildings I’ve ever seen. It would be a shame to tear it down and so our goal is to rehabilitate it and use all the beautiful aspects of the bones we call it of the great building yet providing all the new around it. So blending the old with the new,” said Gordon Whitten, CEO of I See It Ventures.
The building sale will be finalized soon. They hope to start construction in a few months and then be able to reopen the remodeled Ralston Granary in a couple of years.
“I See It Ventures” will also put $10 million into future hinge investment, and $2 million to help up and coming companies grow their business.