$7.5 Million For Wedge Redevelopment Project Moving Forward
ALTON - $7.5 million in TIF funding for the Wedge Redevelopment Project received preliminary approval from the Alton Committee of the Whole on Monday. The city would agree to reimburse developer WIC Landlord LLC for completion of the multi-phase project if the agreement gets full approval from the City Council this Wednesday. John Simmons with AltonWorks spoke at the committee meeting to thank city officials for their support of the project, saying the investment will go far in Alton. “Thank you to the city for believing in us with the TIF request that moved out of this committee tonight,” Simmons said. “It’s going to go a long way to revitalize Alton and help dreams become a reality and bring things to fruition faster than they already would, so thank you very much.” Construction on the building wedged between East Broadway and East 3rd Street in Alton, formerly known as the Wedge Bank, recently reached its one-year milestone . According
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