The Helena Armory building is slated to reopen in fall 2018 after the completion of a $16 million rehabilitation project to make renovations and remove lead contamination.
D&M Development, LLC, owned by Dick Anderson and Mark Esponda, acquired the buildings through a state land swap in 2016. They announced a partnership with Valley Bank of Helena and the Montana and Idaho Community Development Corporation to renovate the buildings on Thursday. MICDC provides funding to businesses and developers for projects ineligible for conventional financing. Esponda declined to provide details on how much funding each partner contributed to reach a total of $16 million.