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732 Gaines Street Davenport IA 52802


                                                   Our Plan (as submitted to Davenport's HAPPEN Program)

The exterior will be returned to its 1870s original form by removing the collapsed rear addition and crumbling Victorian facade. The interior will become a roomy 3 bedroom, 2 bath, 2300 sq. ft. single family home.

We estimate that we can do the whole restoration for $100,000 and have a home that would sell for a minimum of $70,000.

To help achieve this goal we look to the fable “Stone Soup.” A copy is attached. Please take a moment to reacquaint yourself with it. While we don’t have a famine, we do have the blight of Davenport’s numerous abandoned houses. And while Gateway Redevelopment Group (GRG) can’t save all these abandoned homes it can surely become the Magic Stone to help save 822 Gaines.

“By working together, with everyone contributing what they can, a greater good is achieved.”

To this end, this is what we have achieved for 822 so far!

 GRG members have pledged $10,000 in financing, to be paid back when property is sold.

Gateway Redevelopment Group (GRG) will do the general contracting - $8,000 savings.

Architectural Rescue Shop (ARS) will supply hardware, trim and doors - $4,000 savings.

Bill Gluba of Remax will list the home when completed with no listing fee - $2,800 savings.

McCormick Insulation will completely insulate the house and be paid when it is sold - $2,650.

Kale Company will install Heating\Air Conditioning and be paid when the house is sold - $10,000.

Central Mechanical will do the plumbing and be paid when the house is sold - $6,700. 

Bruns Electric will do the wiring and be paid when the house is sold - $5,000.

 

That’s $49,150 committed so far. With the added backing of the HAPPEN program, we will have no trouble getting full funding by the time we take title!

 

                                                                           

Gateway Redevelopment Group, Davenport, Iowa