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Parsons Main Street building gets a new owner - KOAM TV 7

Parsons Main Street building gets a new owner

Updated:
Photo courtesy of the City of Parsons Photo courtesy of the City of Parsons

Updated May 9, 2013:  A business owner in Parsons, Kansas hopes to further revitalize the city's downtown.

David Mattox has bought the building on Parsons Main Street.  Mattox plans to turn the current, vacant 3,000 square feet space into something like a profitable, previous renovation.

It's now a jewelry store.

Mattox says renovations at his newest project will cost $60,000, but some incentives will help.

"When your property taxes go up after you're done renovating the building, which they will, then for five years you can recoup the difference between what they were before you started and what they end up being," says Mattox.

Mattox plans on either renting or selling the property to a retailer.

Posted May 3, 2013:  News release from Downtown Parsons Inc:

For Dave Mattox it was not a question of should he buy the building across the street from his downtown business, Bleacher Gear.  It was more of a I-need-to-buy-it-and-renovate-it-so-someone-will-want-to-move-a-retail-business-into-the-downtown sort of deal!

"It is important to me to buy and renovate this building on Main Street, Dave said. " When the opportunity came for me to buy the 1719 building, I seized the opportunity. Having access to Downtown Parsons' Incentives Without Walls (IWW) made a difference in making that all happen."

The IWW zero interest loan program, a benefit of membership to Downtown Parsons, was established by the former Kansas Main Street program through the Kansas Department of Commerce. Qualified applicants may borrow up to $20,000 as part of their 3-to-1 match for projects over $2,500. Also partnering in this venture is Network Kansas, a quasi-governmental gap financing organization. Since Parsons became a Main Street program in 2001, the organization has awarded 11 IWWs for a total of $152,830 that has been reinvested into Main Street core district.

"It is a tremendous asset to have someone in our central business district who wants to renovate and bring back the historic character of a building," said Sandra Stephens, Downtown Parsons executive director. "Dave is a great example of why the IWW's were created in the first place, to create a solution to financing a gap in an entrepreneur's desire to help bring back our Main Streets."

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