The Geneva City Council approved creating a fourth tax increment financing district that includes the area of a 211.43-acre annexation petition from Midwest Industrial Funds.
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The former Little Owl/Flagstone at the corner of Routes 31 and 38 in Geneva boarded up and vacant since 2021 has a chance at a new beginning following a recommendation last week for a grant and tax rebate of $290,000 so the new owners can complete structural and architectural renovations.
The Geneva District 304 school board had its first discussion Monday night of the city’s request for its support to extend the East State Street TIF district another 12 years.
Geneva officials want to extend its East State Street Tax Increment Finance District by 12 years, as the Illinois Department of Transportation s updated construction schedule for East State Street improvements goes past the TIF s 23-year lifespan.
After nearly a year in business, Geneva Pharmacy will close on Friday. The independent pharmacy at 501 E. State St. just did not have enough business to stay open, owner Melissa Lee said.