Lanesboro gets nearly $10 million for new wastewater treatment plant
Replacing old plant built in the 1930s.
Posted: Feb 17, 2021 3:22 PM
Updated: Feb 17, 2021 3:24 PM
Posted By: Mike Bunge
ST. PAUL, Minn. – Lanesboro is getting nearly $10 million to replace an old wastewater treatment plant.
The money is part of a series of awards announced Wednesday by the Minnesota Public Facilities Authority (PFA). Lanesboro will received $9,844,331 for the construction of a new wastewater treatment plant and the demolition of the old plant, which was built in the 1930s.
Lanesboro will get a $5,000,000 Water Infrastructure grant and a 1% Clear Water Revolving Fund loan of $4,844,331. The CWRF loan is expected to save $506,774 when compared to market-rate financing.