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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. ....
Here's how city aims to capitalize on revenue with new Monument Square hotel journaltimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from journaltimes.com Daily Mail and Mail on Sunday newspapers.
Press Release State Treasurer Godlewski & Mayor Cory Mason Announce BCPL Approves $5.5 Million for Downtown Hotel Project to Spur Economic Development in Racine
RACINE, Wis. State Treasurer Sarah Godlewski and the City of Racine announce the approval of $5.5 million in financing from the Board of Commissioners of Public Lands (BCPL) for the redevelopment of the historic Zahn’s department store site into a new boutique hotel in the City’s historic downtown. The result of this creative public-private partnership will result in the restoration and renovation of the historic 1925 building into an 80-room hotel in downtown Racine overlapping Monument Square. This unique development will feature a rooftop bar, banquet space, and cafe, along with extensive green building technology and hopes to be the state’s first LEED Platinum Certified hotel. Construction is set to begin in June and will open to the public a year later. ....
Mar 3, 2021 Hotel Verdant is a new boutique hotel that is slated to open in Downtown Racine in 2022. The hotel will take over the former Zahn s Department Store building in Monument Square. It will commence construction in the summer. Hotel Verdant entrance Hotel Verdant lobby Hotel Verdant rooftop bar Hotel Verdant rooftop bar aerial view A view of the planned rooftop bar at the Hotel Verdant on Racine s Monument Square. Construction is to begin no later than July 15, city officials said Tuesday. Rendering courtesy of Shannon Powell ....