The Alton City Council has approved an agreement that is expected to bring to a conclusion to long-needed repairs to the Cracker Factory building on Broadway, which was damaged about five years ago during a storm. The top floor was leveled and street level businesses were forced to move out and owner Mike Kelly has had a few setbacks during the repair process.
The total cost of the project is estimated to be about $1.3-million, of which the city is spending about $332,000 in TIF Funds, which represents the normal 25% match. The agreement gives Kelly until the end of this year to finish the work. Kelly says the redevelopment will return the building to a position of viability in the local business community:
Click here for Kelly's comments
In other council business, the city unanimously approved moving forward with a memorandum of understanding to enter into an agreement to pursue a hotel and conference center along the riverfront.
Serving the areas of Alton, Godfrey, East Alton, Wood River, Roxana, Edwardsville, Jerseyville, Brighton, Bethalto, Grafton, Granite City, Hartford, Highland, Troy, Fairview Heights, Belleville and the surrounding cities.