Memphis’ first C-PACE loan gives assist to Uptown Studio and Storage project

Uptown Studio and Storage, the initial phase of what is planned to eventually convert the former Greyhound bus station at 525 N. Main St. into a mixed-use site, has become the first project to receive C-PACE financing in the City of Memphis and the second in the State of Tennessee.

The project has received $2.3 million in Commercial Property Assessed Clean Energy, commonly known as C-PACE, financing. The lending mechanism provides for water and energy efficiency, renewable energy, and resiliency projects.

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