The Rockford City Council voted unanimously March 12 to approve ordinances creating the citys newest tax increment financing (TIF) district in the West State and Central corridor.
The redevelopment area is bordered by School Street on the north, Green Street on the south, Pierpont Avenue on the west and Lakin Terrace on the east.
The citys vision is to make the predominantly residential area a gateway to downtown from the west.
The project is expected to improve aesthetics through landscaping and streetscaping, as well as address traffic circulation. New signs throughout the area will reflect the gateway to downtown feel the city hopes to achieve.
The West State and Central TIF is also intended to attract residential and commercial development in a part of town that many say has been ignored for too long.
A press release issued immediately following the vote stated: By means of public investment, West State and Central will become a more viable area that will attract private investment. The public investment will lay the foundation for the redevelopment of the area with private capital. This, in turn, will lead to operation of viable residential uses, and set the stage for future retail and commercial uses surrounding the area.
from the issue March 14-20, 2007, issue