Elgin on board to provide $1.7M in TIF money for historic building renovation

Elgin on board to provide $1.7M in TIF money for historic building renovation

A historic downtown building fallen into disrepair is to be converted into apartments and commercial space with the help of a $1.7 million economic incentive package tentatively approved Wednesday by the Elgin City Council. South Grove Holdings LLC plans to create four ground-level storefronts and six second-floor apartment units at 61-65 S. Grove Ave. in a project that’s to cost an estimated $5.1 million, City Manager Rick Kozal said. The basem…