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. 

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