Details of Downtown loan consortium to be unveiled

City of Wichita officials, representatives from several Wichita banks and Mayor Carl Brewer will hold a press conference at 10 a.m. Thursday at the Wichita Area Association of Realtors, 170 W. Dewey, to announce the formation of a multi-bank, multi-million-dollar loan consortium to help finance qualifying downtown revitalization projects.

The consortium, which has been in the works for nine months, is intended to provide gap and interim financing for qualifying downtown residential and retail projects.

The projects would qualify under Project Downtown, the city's master plan for downtown revitalization.