The long vacant former Zahn’s Department store building in downtown Racine will soon be seeing a lot more activity than it has more than 40 years, when the 80-room Hotel Verdant opens this summer following months of renovations.
$145 million in federal credits awarded to Wisconsin groups for projects in low-income areas bizjournals.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bizjournals.com Daily Mail and Mail on Sunday newspapers.
RACINE â A new training program is expected to help City of Racine residents obtain jobs.
In addition to increasing the value of what was abandoned property, J. Jeffers & Company will abide by the Racine Works Program required of developers with incentive agreements with the city.
RWP aims to increase employment for Racine residents who are either underemployed or unemployed.
Developer incentives
The city is offering J. Jeffers & Company three development incentives: a utility grant, a loan and a developer-funded TID (tax increment district).
The $500,000 utility grant for infrastructure improvements on the site will come from the storm water utility and the sanitary sewer surcharge.