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October 3, 2024
November 4, 2024
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E Calhoun St & S Jefferson St
Demolition, New Construction, Site Work
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$12,600,000.00
Public - City
E Calhoun St & S Jefferson St, Woodstock, IL
Redevelopment of the Property at the Corner of Calhoun and Jefferson Streets As required by law under the TIF act, the City of Woodstock is offering the opportunity for alternative proposals related to redevelopment of the property located at the corner of Calhoun and Jefferson Streets The current proposal is for a 60room Cobblestone Hotel with an estimated investment of at least $12.6 million. This proposal also calls for an incentive from TIF funds generated from the site for an amount up to $2,000,000 along with transfer of land for the development owned by the City.
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