Crews were busy with major renovations to the Cox Warehouse last week.
Amy Woolvett photo
By Amy Woolvett
Work continued despite nasty winter conditions on the Cox Warehouse last week.
“The roof is the critical part that is needed to be replaced,” said Sue Deschene, of the Shelburne Historical Society.
The big hurdle to secure a tenant for the much-needed grant with the Atlantic Canada Opportunities Agency (ACOA) has been vaulted and the priority is now getting the building move-in ready for their first tenant; Shelburne Physiotherapy.
The total project cost is estimated to be $337,348 and with the ACOA grant and fundraising efforts, there still remains a further $75,000 to raise in order to complete the work.
The Historical Society, the building’s owner, has tapped into its line of credit to make up the deficit.
“The historical society is temporarily borrowing from its equity line of credit to ensure that this project moves forward,” said Deschene. “Of course, that is a loan and must be repaid.”
They have set a two-year timeline for the fundraising efforts and hope to recoup their debt in that time.
Money already raised including contributions from the Municipality of Shelburne and the Town of Shelburne as well as an auction total $14,900.
They currently are running a two-year fundraising campaign where they are seeking donations from individuals, businesses and corporations.
So far the total donations received through that effort is $15,429.
“Our fundraising committee continues to approach prospective donors,” said Deschene.
She also hopes once the building is renovated, it will become an appealing location for tenants.
“Once we get the building in shape, making it leasable, there will be space available to rent,” she said.