Illinois
Rockford will receive $300,000 of BEDI funds and $900,000
of Section 108 loan guarantee funds to assist in the remediation
of a brownfield site as part of the South Main Street Redevelopment
project. The project entails the revitalization of the South Main
Street neighborhood and the development of a commercial shopping
center. The City will use the BEDI grant for remediation and the
Section 108 loan will be used by the Rockford Local Development
Corporation for part of the construction of the project. Approximately
$4.4 million of other public dollars have been leveraged for the
project, and total project costs are estimated at $ 7.2 million.
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