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Council designates Kankakee River Edge Development Zone to support downtown housing and redevelopment
Summary
The council designated an incentive zone adjacent to the Kankakee River and approved sending the designation to the state so developers can use tax and fee incentives as part of downtown housing projects.
The Kankakee City Council Monday adopted an ordinance designating a Kankakee River Edge Development Zone and authorized staff to submit the designation to the State of Illinois to secure incentive tools for redevelopment, including residential projects downtown.
Council members described the zone as a tool to support the downtown market-rate housing and riverfront redevelopment by providing…
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