Fresno Approves $11.7M Loan for Park at South Stadium Apartments
Fresno News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Fresno City Council Approves Loans for Mixed-Income Apartment Project Near Chukchansi Park
The Fresno City Council has given a significant boost to a long-awaited apartment project, The Park at South Stadium, located near Chukchansi Park. The project, which has been in the works for over a decade, will feature 174 mixed-income units in an eight-story building on city-owned land. The council approved $11.7 million in loans and extended the closing escrow deadline to May 15th. The total cost of the project is now $81 million, down from earlier plans, and includes retail space, conference rooms, and a fitness center. Mayor Jerry Dyer emphasized the potential of this site for quick development and its role in reviving downtown Fresno. The loans, which break down into three parts, will help developers secure more funding from bonds, with a planned grand opening in July 2028.
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