9-11 West Quincy - Economic Development Agreement
Board to consider an ordinance approving an Economic Development Agreement between the Village of Westmont and Luxica LLC 11 Series, developer, to provide an economic incentive for the renovation and rehabilitation of the long-vacant building at 9-11 West Quincy Street.
- Background of Subject Matter
- Village staff have proposed an incentive package so the vacant building at 9-11 West Quincy Street can be renovated and put-back to productive use. The Developer proposes renovating the 2nd floor apartments and having first floor commercial space.
- The Village Manager and the Directors of Community Development, Finance, and Economic Development have worked together to create the proposed economic development agreement and recommend its approval.