The Village of Godfrey is making several moves to prepare for what it hopes is an influx of development as the area becomes a transportation hub with the completion of Illinois 255 and the ongoing upgrade to Corridor 67. Looking at the example of Wood River, the 255 corridor may explode with new business, so the village hopes to make it easier for any company or entrepreneur that wants to locate in the village by creating a business district.
The creation of a Business District could make it easier for businesses to secure a piece of property and get things rolling. It could also help the village generate the money needed for ongoing infrastructure inmprovements through a special sales tax in the district, according to Keith Moran of Moran Economic Development.
The district will blanket most of the 255 corridor, as well as parts of Godfrey Road and Humbert Road, basically shadowing the area of the proposed TIF District. The village will host a public meeting on the topic February 7 at Village Hall.