The Alton City Council has approved an agreement that is expected to bring long needed repairs to the building commonly known as The Cracker Factory. It was damaged almost three years ago during a storm. The top floor was leveled during a wind storm, but the owner appears to have a plan in place to return the property to the list of tax-generating businesses.
The total cost of the project is estimated to be about $1.3-million, but some aldermen were concerned they would be paying too much for repairs in Phase 1 of the project. Corporation Counselor Jim Schrempf says an amendment addressed those concerns.
Another part of that amendment required that any insurance money from the initial claim be used on the repairs, with a paper trail to back it up. The city is looking at spending about $332,000 in TIF Funds, which represents the normal 25% match. In other city business, there was nothing said during the meeting about a brewing controversy over a burlesque show scheduled for this Saturday that was cancelled. A Facebook page called "Save Burlesque in Alton" was launched last Friday, and already has about 700 followers, but none showed up to speak at the meeting.