- Associated Press - Wednesday, September 23, 2015

PORT HURON, Mich. (AP) - A $1.5 million loan guarantee is expected to boost efforts to rehabilitate the vacant three-story Sperry’s building in downtown Port Huron.

The U.S. Department of Housing and Urban Development announced the support on Tuesday for the roughly $10 million project.

Upon completion, HUD says the building is expected to include mixed-use commercial space for an entrepreneurial business incubator; several small specialty theaters on the first floor; a restaurant on second floor; and more small theaters on third floor.

HUD says the project earlier got a $1 million grant to help deal with the building’s environmental problems, including removing lead-based paint.

An awning and bricks on the building were damaged in June by a military helicopter dropping off soldiers as part of an urban military training exercise. No one was injured.

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