"(Broadway Avenue) really was the old Main Street," Wardle said. "To have that come back to life is going to be a great benefit to citizens throughout our community."

Plans call for the exterior of the Hotel Tooele building to be restored to its look of the early 1900s. On the inside, retail and office space will occupy the ground floor, with 20 one- and two-bedroom apartments on the second and third floors.

A new three-story apartment building with 21 units will be built on a vacant lot just to the west of the Hotel Tooele building.

Hometown Grocery, on the corner of Broadway Avenue and Elm Street, also is scheduled for restoration. Plans also call for a 15-unit apartment complex to be built west of the store.

All of the housing will be priced to accommodate individuals or families at 60 percent or below the state's median income, Peterson said. Over the past 12 months, Utah's median income for a family of four was $58,000 — 60 percent of which is $34,800.

Peterson said he hopes to have all of the financing in place by April 2007 and begin construction in the summer.

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E-mail: jpage@desnews.com