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Galesburg Council approves incentives for future downtown brewhouse/ venue space

Galesburg City Council on Monday night unanimously approved incentives for a downtown property that's overgoing major renovations with the plan of being a brewhouse/taproom/event venue. Benedict Developers are revamping 185 S. Kellogg St., which is at the intersection with Tompkins St, a block from the Amtrak Depot. Two separate items the council approved will provide up to $287,000 for the work. In total Benedict is performing $2.5 million in renovations, of which about $1.8 million are eligible expenses under the TIF incentive program. The Facade Grant Agreement exists to encourage downtown businesses to improve the exterior of their building. The cost of facade improvements is $187,000, with the city contributing $80,000 or 50 percent of costs, whichever is less. The second part is TIF Redeveloper's Agreement to provide $207,000 in TIF assistance, about 15 percent of eligible expenses. Thompson says this award is consistent with city policies and past awards. On a related ....

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