New Plans for Local Building

New plans to revitalize the Amerock building in downtown Rockford might not include low-income housing.

The Wisconsin developer has recently come under fire. Members of the community say they feel developing the building into a low-income loft complex would damage efforts to revitalize the downtown area.

Now, the city and developers are looking for alternative funding that could include a less restrictive low-income tax credit.

Another idea is to sell bonds through downtown's tax incremental finance district.

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
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