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Rauner extends tax credit for Aurora, Elgin riverfront revitalizations

A state tax credit that is helping riverside restorations of historic properties in Aurora and Elgin now is set to last through 2021 after Gov. Bruce Rauner approved an extension Friday afternoon . The River Edge Redevelopment Zone Historic Tax Credit program had been set to expire Dec. 31 after lawmakers last year granted it a one- year extension . advertisement But Rauner, while visiting Aurora University on Friday, signed a bill sponsored by several suburban legislators to keep it going another four years. Aurora officials said Mayor Richard Irvin had lobbied for the bill in Springfield and welcomed the signing of it as positive economic news for the city. In the City of Lights, the tax credit has given $3 million toward a $20 million project to revamp the former St. Charles Hospital into senior housing. Officials might also use it to turn the Hotel Arthur and Stanley Furniture buildings into...

Place North West | Place10: Diversify and thrive

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18 Aug 2017, 09:44 In 2007, I lived in a one- bedroom apartment , wasn’t married, had no kids, no pets, was an outright retail planner working almost exclusively on a range of Tesco projects, and had a respectable hairline. Come 2017, I cannot claim any of that to be true, writes Sebastian Tibenham , executive director at Pegasus Group. I’m married, have two kids, three pets, work across a range of development sectors , my retail client, now Asda, makes up just 10% of my workload. Am I happier and more sustained at work and at home? Yes! Why? Diversification. Not only is diversification important in running a business, and experiencing day to day life, it is vital for our towns, cities, the economy and our industries. Unfortunately, the planning industry in the North West, and particularly the housing sector, a fundamental industry within our economy, was too targeted and not sufficiently diverse in 2007 to recover quickly from the deep recession. Throughout 2007/8, the proportion ...