The new contractor hired by Franklin to complete facade projects downtown started work Friday.
The city approved a $460,500 construction contract with Terstep Co. on Wednesday.
Terstep was hired to take over historic restoration on eight downtown business buildings after the original contractor did not make progress on the project.
The original contractor, Indianapolis-based Advanced Restoration Contractors, was hired in July but had done minimal work on some buildings and completed none by January.
The city paid the company for the work that was done, totaling $68,000, or 13 percent of the overall project.
Terstep had originally bid about $100,000 more than Advanced Restoration, but the company brought down its price in order to complete the project.
Franklin has about $523,500 left for construction, so the Fishers-based company should be able to finish the work.
The state provided a $250,000 grant for the project, but the work won’t be completed by the deadline of March 31.
The city requested a six-month time extension. The state hasn’t approved the extension yet, but Mayor Joe McGuinness expects it will be approved now that the new construction company has been hired.
Work on the eight buildings, which will include brick repair, painting, new storefronts and restoration of the Artcraft Theatre marquee, could be completed by May.