COLLINSVILLE — Residents will have the opportunity Monday to comment on the city's plans for the Main Street district.
The city is required to hold a public hearing when 10 or more people are relocated for a tax increment financing district project. The city recently purchased the Main Square Apartments and relocated the 21 residents.
Its plan is to demolish the building and the warehouse next door, move the D.D. Collins House to the entrance of the Main Street district, and offer the rest of the block to developers for mixed-use commercial and residential development.
Community developer Paul Mann said the public hearing is a new requirement of state laws to make tax increment financing district projects more transparent to the public.
The city will spend $1.58 million on the project, pending bids. That includes the purchase price of $1.1 million to the owner of the apartments and warehouse, Ron Noble Realty. The value of the buildings had dropped about half a million dollars since the project was originally proposed in 2009.
The remainder will cover demolition, environmental and asbestos remediation as well as relocation costs for the residents.
The public hearing will take place at the beginning of the regular City Council meeting at 7:30 p.m. Monday in the council chambers, City Hall.
Contact reporter Elizabeth Donald at edonald@bnd.com or 239-2501.
