Wood River Approves TIF Agreement For Ferguson Ave. Mixed-Use Development
WOOD RIVER – Wood River City Council members on Monday unanimously approved an agreement to transform a Wood River Avenue building into a mixed-use development. Matt Pfund, president of Jack Matthews Development (JMD), has presented a concept plan to renovate the former NAPA Auto Parts building at 87 E. Ferguson Ave into a two-story development for both residential and commercial use. In a letter to City Manager Steve Palen about the potential redevelopment project, Pfund notes the building currently suffers from a falling roof structure and water infiltration, which he states has caused “major structural damage.” Under the JMD concept plan, the building’s roof would be removed entirely and a new, two-story structure would be built within the footprint of its four exterior walls. The building’s first floor would house one large commercial storefront facing Ferguson Ave. and five smaller commercial units along N. 1st St.; the second story would feature
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