Franklin nearing settlement on troubled downtown renovation project

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FRANKLIN (Feb. 20, 2014) – Franklin Mayor Joe McGuinness told FOX59 News that he is confident a settlement has been reached with a contractor that will permit work to pick up again on his city’s downtown renovation project.

The city will pay Advanced Restoration Corporation nearly $68,000 for work it has completed on a half-million-dollar contract to change the face of downtown Franklin.

The façade restoration project is partially financed with state funds.

After several months of delays, chronicled by FOX59 News earlier this month, McGuinness advised ARC that the city was ending its contract with the Indianapolis firm to renovate the façades of eight historic buildings including the Artcraft Theater.

ARC had completed approximately 13 percent of the project, mostly painting, since last summer. Some businesses decided to close over the delays, FOX59 News learned last month.

McGuinness told FOX59 News that when ARC accepts the payout it will free the city to hire a new contractor to complete the project by late May, one month behind schedule.