ROCKFORD, Ill. (WIFR) – Rock River Development Partnership has announced the closing of the Rockford Indoor Market.
The $5.2 million development will transform a building at 114-116-118 Madison St. into a year-round market featuring a variety of community uses.
The indoor market will consist of a market hall, permanent tenants, and a shared use commercial kitchen for entrepreneurs.
“We’re excited to be one step closer to offering an indoor city market to our residents. The outdoor market is a wonderful gathering place for the community, and we hope to see the same environment with this new venture,” says Rockford Mayor Tom McNamara. “By using funds that are specifically designated for redevelopment, we believe we are giving many local small business owners a great chance to succeed.”
Former Mayor Morrissey explained, “The Rock River Development Partnership has been vital to the positive transformation of Rockford’s downtown, providing a venue and support for many small businesses. I was incredibly honored to work with the RRDP team as Mayor, and my family and I look forward to enjoying both the outdoor and the new indoor market for years to come.”
130 construction and permanent jobs will be created through this new downtown development.
Ground breaking on the new market is set to take place early next year.