A public hearing will be held Friday by the Redding Planning Commission as they consider a use permit for an ambitious building project in Downtown Redding. K-2 development and the McConnell Foundation want to tear out what remains of the old Dickers Department Store to make way for a 4-story 100,000 square foot mixed-use building. It would have retail space on the ground floor, with 79 residential units on the top 3 floors. The project would also open up some streets. Market Street, which currently splits at Tehama Street, would extend two blocks to the south to Yuba Street, and both Yuba and Butte Streets would open up as well. The city helped K-2 through the grant process and last October the California Strategic Growth Council approved a 20 Million Dollar Affordable and Sustainable Housing Grant. The funds come from the state’s Cap and Trade Greenhouse Gas auctions.The total price tag of the construction was estimated last year at 37 Million Dollars, and more grant funding will be sought. The city council will take the project under further consideration at its December 5th meeting. The planning commission hearing is set for this Friday at 10AM in the council chambers at city hall.