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Council approves capped tax rebate for riverfront redevelopment at 'Nikos on the Fox'
McHenry City Council · February 18, 2026
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Summary
Council approved an economic incentive agreement for Nikos on the Fox LLC to redevelop the former Vicky's Place; some aldermen questioned necessity of incentives and the item passed with dissent.
The McHenry City Council on Feb. 17 approved an economic-incentive agreement with Nikos on the Fox LLC to help redevelop the riverfront property formerly occupied by Vicky's Place.
Councilors debated the necessity of incentives: one alderman asked whether the property would be developed without public assistance and warned that…
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