The development agreement with Fox Valley Developers LLC would include the city contributing as much as $3 million toward the estimated overall cost of about $12 million to clean up the site.
Aldermen appear favorable toward the agreement, even though they are unsure where the city’s $3 million share would come from.
“This is one of those projects that is a city-wide project,” said Ald. Richard Mervine, 8th Ward. “The need is there, the time is passing, there are local people interested in doing it, people we know and trust. We’ve got to have some skin in this game.”