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.