City of Champaign Shows Support of Mixed Use Project
Categories : Features, Research Park
Posted on: July 11, 2016
CHAMPAIGN – The Champaign City Council has agreed to give preliminary approval to at an additional $500,000 to an incentive agreement now up to $3.5 million. The incentives to Research Park are in the form of tax breaks over a 15 year period.
The new mixed use project by Fox/Atkins Development will be located between the I-Hotel Conference Center and the Yahoo! Building. The new $10.8 million ‘town center’ project will fill a long needed gap in the amenities at the Park. It will include retail space for restaurants and shops, conference space, office suites, and apartments on the third floor.
To learn more about the project, read the News-Gazette article, WCCU’s report, or Chicago Inno.