By the end of this year, the former Menards building at the corner of Humes Road and the Interstate could look a look different.
Economic Development Director Gale Price says a TIF agreement under consideration by the City Council would have a developer rehabilitate the former Menards building to make way for four new national retail tenants.
Price says as part of the agreement under consideration by the council, the developer would rehabilitate the property, increasing the value by an estimated $ 6 million. In return, the City would fill a $2.8 million financing gap on a pay as you go basis.
The Janesville City Council meets on Monday night at 6:00 p.m.
