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Lisle board signals support to extend downtown grant for 4700–4704 Main Street project
Summary
The village board discussed and signaled support to extend a $165,000 business development grant awarded to the Arcelorno Restaurant Group for work at 4700–4704 Main Street, with staggered completion deadlines proposed for the restaurant and deli/retail portions.
The Village of Lisle Committee of the Whole discussed a request to extend a previously awarded business development grant for the property at 4700–4704 Main Street, commonly called the Fox Restaurant building. The applicant, identified in the meeting as the Arcelorno Restaurant Group and represented by Mr. Salerno, is asking the village to amend its grant agreement so the restaurant portion may finish by Dec. 30, 2025, and the deli/market portion by June 2026.
Why it matters: The downtown location has been highlighted repeatedly by trustees as important to downtown revitalization, and the grant money—$165,000 total—had been earmarked for multiple improvements including two restaurant grants ($50,000 each), a $15,000 retail grant and façade/retail-related funds.…
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