Redevelopment Project Could Revive Vacant Buildings

LOVES PARK (WIFR) – Old and unused buildings have become a bit of a problem in the Stateline and it’s leaving towns scrambling for ways to reuse them. Now, Loves Park is looking into different ways to revitalize one area.

Some buildings along Riverside Boulevard have become shells of failed stores in Loves Park.

Now, public works crews are trying to transform the former CVS, lumberyard, and Sears structures into thriving businesses once again.

“We’ve had a lot of vacant properties, the old Sears Essentials, this area where this old lumberyard was and it’s been vacant for 20 years. We just looked at this area as a need for something, some kind of economic development boost.”

The department wants to redevelop the area in between Forest Hills, Windsor and Material Avenue with help from new developers. The plan asks the city to repurpose property tax dollars for future businesses, giving them an incentive to move in, but Bruck says everything hinges on getting someone interested.

“This would be an economic incentive for potential developers and property owners to put value back into their properties and then raise their property values and then hopefully do that for the surrounding area.”

Bruck says that the property values inside the proposed area are worse than any other part of town and it’s time that they did something about it.
Loves Park is holding a public hearing on the proposed blueprint tonight and if the plan is approved the city will market the area to potential developers to come and build.


Comments are posted from viewers like you and do not always reflect the views of this station.
powered by Disqus
23 WIFR 2523 North Meridian Road Rockford, IL. 61101 Business: 815-987-5300 Fax: 815-965-0981 News: 815-987-5330 Fax: 815-987-5333
Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 259296641 - wifr.com/a?a=259296641
Gray Television, Inc.