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Holmes’ push for building redevelopment heads to governor

holmes 053116SPRINGFIELD – Looking to continue parts of a successful building redevelopment program that will help repurpose an unused power station in Aurora, State Sen. Linda Holmes pushed for legislation that passed the General Assembly without opposition Sunday.

“The River Edge Redevelopment Zone program was designed to help developers take old, unused property and renovate it to meet today’s needs,” Holmes said. “We’re simply making sure developers have enough time to make use of these incentives. I urge the governor to sign this and extend the cost-sharing provisions to continue support for an important project.”

Sen. Holmes and Aurora-area state Reps. Linda Chapa LaVia, D-Aurora, and Stephanie Kifowit, R-Oswego, sponsored the legislation, which extends the expiration date of some cost-sharing arrangements under the development program.

“This legislation is an example of how the State and the City of Aurora can work together to continue the redevelopment of the downtown," Kifowit said. "The proposed developments will revitalize the city's core and surrounding neighborhoods and I'm happy to see this legislation passed.”

Developers hope to use it to help replace an old power station in downtown Aurora with a residential development along a 33-acre stretch along the Fox River.

“The plan is to move the downtown substation and replace it with a residential development that will create high-paid construction jobs, enhance the quality of life in Aurora and bring in additional property tax revenues,” Holmes said.

“The recession hit shortly after this portion of the River Edge Redevelopment Zone Act was passed and Aurora needs more time to complete possible residential projects in the downtown area,” Chapa LaVia said.

The relevant section of the law was set to expire in July of 2017, but the measure would extend it to August 1, 2020.

The legislation is Senate Bill 321. It must be signed by the governor to become law.

Sen. Linda Holmes

holmes-15

42nd District

Years served:
2007 - Present

Committee assignments: Agriculture; Environment and Conservation; Labor; Local Government; Committee of the Whole; Commerce and Economic Development (Chairperson); Insurance.

Biography: Elected to the Senate in 2006; born March 16, 1959, in Chicago; received a bachelor's degree from the National College of Education (now National-Lewis University); First woman president of the National Association of the Remodeling Industry; Full-time state legislator.