Final paperwork clears way for start of Bicentennial Plaza project

A memorandum of understanding was signed on Wednesday, March 29, 2017, between Illinois REALTORS® and the city of Springfield for the REALTORS® Bicentennial Plaza project. From left to right are Springfield City Clerk Frank Lesko, Illinois REALTORS® CEO Gary Clayton and Springfield Mayor Jim Langfelder. (Photo: Jon Broadbooks)

Springfield city officials and Illinois REALTORS® CEO Gary Clayton signed a memorandum of understanding Wednesday which clears the way for construction of the REALTORS® Bicentennial Plaza.

The Springfield City Council approved $1 million in Tax Increment Financing funding for the project on March 21, and the memorandum signed Wednesday spells out the guidelines the city and the association will abide by as the property is developed and used.

On hand for the signing in addition to Clayton were Springfield Mayor Jim Langfelder and Springfield Clerk Frank Lesko.

The plaza will be located on the north side of the Illinois REALTORS® headquarters on South Fifth Street on association-owned land. Once completed, the plaza is expected to become part of a revitalized area extending from the Lincoln Home National Historic Site to the state Capitol.

The signing took place at the association’s headquarters in a conference room overlooking the area to be redeveloped.

 

This entry was posted in Illinois Bicentennial, News by Jon Broadbooks. Bookmark the permalink.

About Jon Broadbooks

Jon Broadbooks is Vice President/Communications for Illinois REALTORS®. He serves as editor of online and print content for the association's communications including the Illinois REALTOR® magazine and e-newsletters. He conducts spokesperson training seminars and oversees website development for the Association.

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