(The Center Square) – Grand Junction will receive a $3.2 million grant to transform a former Greyhound Bus terminal into 30 units of workforce housing and other uses.
The Grand Junction Downtown Development Authority received the funding from the Colorado Economic Development Commission. The money will transform “The Terminal,” a former bus terminal, rest stop and station for Greyhound, which vacated the building in 2021. Restoration of the site includes the development of a mixed-use project across two buildings connected by a skybridge.
The first building will include a culinary operation and a large gallery and event space with 12 individual art studios and a multiple-use community space. The second building also will include additional arts, culinary and retail in addition to up to 90 urban apartments with 30 rental units for the local workforce.
The project will be the first mixed-income development in downtown Grand Junction.
The project is the final award from the Community Revitalization Grant program. Approximately $98 million was awarded to 59 projects in creative districts, historic areas, main streets, and neighborhood commercial centers throughout Colorado. The projects created more than 598 housing units, including 500 affordable, low-income units for the workforce. Approximately 58% of the projects are located in rural communities and 84% are in an enterprise zone or an enhanced rural enterprise zone. More than a third redeveloped historic buildings, districts or landmarks.
“It is a special milestone to celebrate both The Terminal project, which will help revitalize an historic part of downtown Grand Junction and the overall impact of the Community Revitalization Grant program,” Sarah Harrison, program director for Colorado Creative Industries, a division of the Colorado Office of Economic Development and International Trade, said in a statement.