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The organization Historic Seattle was founded in 1974 and celebrated its silver anniversary in 1999 with a gala at the newly restored Union Station and establishment of a Save the Buildings revolving fund.

In some cases, repaid loans can then be reinvested to finance other projects later down the line as a “revolving fund.”

This will be funded with a one-time infusion of $300 million to create a revolving fund.

According to Tharman, Paxico is pursuing a loan from the Kansas Department of Health and Environment’s state revolving fund to pay for the project.

Additionally, $5 million will be used to establish a revolving fund for smaller nonprofit organizations that operate through grant programs and require federal reimbursement.