ATLANTIC — The Atlantic City Council approved Wednesday a $422,000 contract with an Corning company for work on the city's downtown facade rehabilitation project.
The city has received two bids for the project one from Cornerstone Commercial Contractors, Inc. out of Corning for $422,009 and the second from United Construction from Atlantic for $434,000. Both were far below the original estimate of $520,500.
Last summer, just under 30 people attended a meeting to discuss participating in the $500,000 grant which requires the city and business owners along Chestnut Street to match 50 percent of the grant amount a business receives.
Seven businesses are participating in the program. The project is being paid for through a Community Development Block Grant (CDBG) where 50 percent of the remodeling costs will be picked up by the grant, the remaining 50 percent will be split between the city and the property owner. The city and property owners will each contributed a total of $171,375 with individual projects ranging from $30,000 to over $174,000.
Participating businesses are:
1. 400 Chestnut -Nails & Spa
2. 412-414 Chestnut -Brymon’s Interiors
3. 413 Chestnut-Meredith Communications
4.420 Chestnut -Fog Zone
5. 509 Chestnut
6. 511 Chestnut
7. 514 Chestnut
“While a larger project was original hoped for, with the unknowns facing the City on the local option sales tax, this may be a fortunate turn of events,” Atlantic City Administrator John Lund said.
The project is expected to begin this summer and should be completed next summer.