SPRINGFIELD — Two parties willing to keep digging struck a golden deal during the Jan. 21 meeting of the Springfield Downtown Development Authority (DDA).
Carlson’s Springfield Holdings, an LLC of Springfield business owner James Carlson, entered into a lease agreement with the DDA for 405 N. Laurel Street, the former location of Walt’s Furniture.
Carlson will invest a minimum of $500,000 into the building and create several additional tenant spaces. In exchange, Carlson has given the DDA the properties he owns at 712 N. Laurel Street.
“It took us a long time to get here with this particular project but in the end I think we came across a good solution that will help Mr. Carlson keep his businesses in town and give him the expansion space he really needs to continue to grow his businesses in downtown,” Community Development Director Erin Phillips said. … Click link to read full article