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Council approves redevelopment agreement for Aurora National Bank building with split vote
Summary
The Aurora City Council approved a redevelopment agreement with JH Real Estate Partners for the Aurora National Bank building at 2 South Bridal after debate over use of tax-increment incentives; the measure passed 7–4.
The Aurora City Council on Feb. 11 approved a resolution authorizing a redevelopment agreement with JH Real Estate Partners to renovate the property at 2 South Bridal, commonly known in the agenda as the Aurora National Bank Building. The motion was made by Alderman Smith and seconded by Alderman Franco; the measure passed by voice vote and roll call, 7 yes, 4 no.
Supporters said the project will put a long-vacant historic building back into productive use and attract more residents and businesses downtown. Mayor Richard C. Irvin and other proponents described the agreement as a “but‑for”…
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