Council Discussion Suggests Openness Toward Residential TIF Deals

By Jim Dayton, Janesville Gazette While Janesville City Council members wanted more details on the use of tax increment financing for development of multifamily housing, they were all open to the idea during their meeting Monday night. The council took no action but discussed modifying city policy to give more... READ MORE

ShopKo Plaza Acquired by Texas Firm

By Austin Montgomery, Stateline Business Journal   BELOIT — ShopKo Plaza in Beloit has been sold and the new owner has partnered with a West Allis real estate firm to determine what’s next for the financially challenged shopping center.   The 10.9-acre property was acquired by Stafford, Texas-based Key Star... READ MORE

Survey of Council Members Suggests City is Open to Residential TIF Deals

By Jim Dayton, Janesville Gazette If a project helps address Janesville’s housing shortage, and if the financial details make sense, city council members said they’re open to using tax increment financing to subsidize residential development. They stressed the council must unravel those ifs before approving any... READ MORE

TIF Money Could Fix Janesville's Housing Shortage, Developers Say

By Jim Dayton, Janesville Gazette JANESVILLE To solve Janesville’s housing shortage, two real estate developers encouraged the city to consider using tax increment financing to spark new residential activity. That suggestion was one of the biggest takeaways from Wednesday’s community housing and development forum.... READ MORE