ROCKFORD, Ill (WIFR) --- The city of Rockford is one step closer to breaking ground on the former Barber-Colman factory, which will revamp the dilapidated property and expand Rock Valley College's services.
This project will take the existing vacant space and turn it into an advanced technology training center for Rock Valley College. These ordinances approve the tax increment financing area needed to begin the renovations.
The city has partnered with the Rockford Local Development Corporation and RVC to makeover the old factory. The Planning & Development committee passed several ordinances that make sure the funds needed for this massive $32 million project are available.
The city acquired the property back in 2001 and alderpersons say they're looking forward to giving a space that has sat vacant for years a much needed facelift.
"We would just want to continue on with the project and some of it also is because some of the funding sources are from rock valley and the county is making sure that all of those issues are aligned too. It's when you have multiple funding sources, you've got to make sure that when one change happens, it has to happen in multiple venues," said Ald. Bill Rose (D-9th Ward).
With the passing of tonight's ordinances, this now moves to a full council meeting scheduled for next week.