CARSON CITY—Nevada State Treasurer Zach Conine announced today that the Nevada State Infrastructure Bank approved $1.75 million in financing to West Wendover to enhance public safety for the community.
The West Wendover Fire Station and Emergency Operations Center, approved during yesterday's Board of Directors for the Bank meeting, will be an 11,300-square-foot facility adjacent to City Hall.
This project is expected to increase public safety for residents and businesses in West Wendover since the fire station was constructed in the 1980s and is outdated.
"Over the last two years, we have worked to build the State Infrastructure Bank as a tool to move projects forward that could not otherwise have gotten off the ground," Treasurer Zach Conine said. "Because of this work, the residents of West Wendover will now receive the public safety services they deserve."
The project's total is $13,682,068, of which the City of West Wendover has already secured $11,932,068 through a grant from the U.S. Department of Agriculture and the Nevada Governor's Office of Economic Development.
The Bank's $1,750,000 loan will serve as final gap financing for the project and is being secured by the full faith and credit of the City of West Wendover. This project is expected to result in 98 construction and development jobs with an average wage of $54/hour.
The project is expected to create 16 full-time fire department personnel positions with an average wage of $40.77/hour. As with all projects funded through the Bank, the project will be built according to the strongest labor and environmental standards.