By Southern Wisconsin Times |
Feb 27, 2024
The City Council of Janesville met on Monday, February 26, and unanimously approved a resolution to authorize the redevelopment of the former Serta Simmons Bedding facility located at 1809 Adel Street. The resolution allows the City Manager to enter into a Tax Increment Financing (TIF) Development Agreement with TI Janesville XII LLC, a subsidiary of Zilber Property Group.TI Janesville XII LLC's recent acquisition of the building is part of a broader strategy aimed at business retention and expansion. The firm plans to renovate the 286,251 sq. ft. facility, offering a new...