WOOD RIVER - Following a City Council meeting on Monday, Aug. 21, Wood River’s heavily-contested cannabis dispensary will move forward.

Get The Latest News!

Don't miss our top stories and need-to-know news everyday in your inbox.

The City Council voted on an ordinance authorizing a Redevelopment Agreement with Tatich 34 Wood River LLC. This ordinance was submitted by the TIF Committee and would provide TIF Financial Assistance for Tatich 34 Wood River LLC at their property at 56 East Ferguson in Wood River.

Article continues after sponsor message

As a Tax Increment Financing (TIF) district, this property would be able to use revenue from sales taxes and property taxes for development projects. The Council voted 4–1 in favor of the ordinance, with Councilman Bill Dettmers voting no.

City Manager Steve Palen noted that last night’s vote was the last “roadblock” for the property owners, who can now move forward with opening the dispensary. He added that Tatich 34 Wood River LLC will have to undergo the same planning and permitting processes that all businesses complete before opening in Wood River.

“I guess they will proceed full steam ahead,” Palen said.

He estimated that the dispensary owners plan to open in 4–6 months.

More like this:

Oct 5, 2023 - TIF Funding Approved For Downtown Wood River Buildings

Nov 8, 2023 - Progress Continues On Alton Landfill Solar Farm, Council Passes Related Ordinances

Nov 14, 2023 - Jerseyville City Council Passes Cannabis Business Zoning Regulations

Oct 9, 2023 - New Mixed-Use Development Project Moving Forward In Edwardsville

Nov 20, 2023 - Updated Alton Public Camping Ban Passes Committee