RI City Council to vote on TIF district
Rock Island hopes someone will want to re-develop a vacant factory. Tonight the city council will consider setting up a tax increment financing district for the former Norcross plant and land around it.
The proposed TIF district is located on the west side of the city between the Centennial Expressway, 7th Avenue, and 18th Avenue, and is now mostly vacant.
Jeff Eder, community and economic development director, says the 57-acre TIF district could be used for renovation and redevelopment.
First owned by Servus Rubber, the plant was eventually taken over by Norcross and then Honeywell, which closed it in 2011. Today, Honeywell still owns an injection molding plant on 13th Avenue.
The TIF district would affect both the Rock Island School District and Rock Island County. TIF districts in Illinois can last up to 23 years.
The Rock Island City Council will meet tonight at 6:45 pm to vote on the proposal.