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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...
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....
City of Janesville Receives $250,000 State Grant to Support Development of Downtown Project
The City of Janesville is receiving a $250,000 state grant to help finance the construction of a new downtown hotel.   The Community Development Investment Grant from the Wisconsin Economic Development Corporation (WEDC) will support the new construction of a Cobblestone Hotel & Suites, a 53-room, four-story...
Janesville Mall's Buyer Gives Dose of Optimism, Realism on Mall's Future
By Neil Johnson, Janesville Gazette JANESVILLE The leader of an investment group that plans to buy Janesville Mall offered local business leaders an equal dose of optimism and realism about the retail center’s future Wednesday.   Anthony Weiner, president of RockStep Capital Real Estate Investments, the Texas firm...
Commercial Development Company Inc Begins Demolition at Former Janesville Assembly Plant
Janesville, WI — Commercial Development Company Inc. (CDC}, a leading North American commercial real estate and brownfield redevelopment company has officially started demolition activities at the Janesville Assembly Plant. CDC purchased the retired automotive manufacturing facility from General Motors in...
CBL & Associates Properties to Sell Janesville Mall at Steep Discount
CBL & Associates Properties Inc. has struck a deal to sell the Janesville Mall at a steep discount to CBL’s purchase price of 20 years ago.   RockStep Capital, of Houston, Texas, has contracted to buy the 600,000-square-foot enclosed shopping center for $18 million, CBL said last week as it announced its latest...
CBC McGuire Mears Connects Local Developer with SSI Technologies to Provide Growth Solution
Janesville, WI– Coldwell Banker Commercial McGuire Mears & Associates is pleased to announce that Badger Property Investments plans to build a 60,000 square foot industrial building near the intersection of E County Rd M and State Highway 59 in Milton’s Crossroads Business Park to meet the growing needs of...
Former GM and JATCO sites listed for $15.7 million
The former General Motors property in Janesville is being sold in two major pieces: the 114-acre site that houses the former auto plant and the 112-acre former Janesville Auto Transport Co. site south of the plant, according to a broker who is listing the parcels. The two pieces of property, along with several smaller...
New Storefronts Set to Open in Janesville's Former Menards
By Neil Johnson, The Janesville Gazette   JANESVILLE Two new stores are set to open this week in the redeveloped former Menards off Pontiac Drive on Janesville’s north side. Tara Furst, commercial properties manager for Galway Companies, which owns the property, said that by the end of the week, two tenants in the...
Inside The Global Race To Deliver A Vital Radioactive Isotope Used To Detect Cancer
JANESVILLE, Wis. — In a cornfield here, past the shuttered General Motors plant and the Janesville Terrace trailer home park, a facility not seen in the United States in three decades could soon rise: a manufacturing plant that will make a vital radioactive isotope used to detect cancer and other potentially fatal...