Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Joliet council adopts River Edge redevelopment zone to unlock preservation and sales-tax incentives
Summary
The City of Joliet adopted an ordinance Nov. 4 creating a River Edge Redevelopment Zone that staff and proponents say will open historic-preservation tax credits and sales-tax rebates to spur downtown investment; staff will submit the application to the state for certification.
The City of Joliet council voted Nov. 4 to designate a River Edge Redevelopment Zone, a state-level incentive area officials say will make historic-preservation tax credits and material-sales tax rebates more accessible to developers.
City staff described the designation as a tool to “revitalize historic and underutilized vacant properties” and said the proposed map covers roughly 11 of the 12 square miles allowed under the statute. Staff said the program requires a minimum of 100 acres of environmentally challenged land within 1,500…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
