ROCKFORD, April 25 — According to media reports, the developer of a $67 million hotel and conference center in downtown Rockford will acquire the city-owned Amerock/Ziock building in May, ramp up construction in September and finish work by the end of 2016.
That’s in time to qualify for state River Edge Zone Historic Tax Credits, an incentive that’s helping drive development downtown.
The Rockford Register Star story says Gorman & Company wants to operate the hotel as an Embassy Suites.
Also, on April 26, the Register Star Editorial Board said renewal of those tax credits are key to Rockford’s downtown renewal.
“These tax credits are good for everyone. They put empty buildings to good use and they generate much-needed tax revenue for state and local governments,” they wrote. “Plus, a vital downtown area presents a positive community image to people and companies that are considering a move here. It says, ‘These folks really love and care for their city.’ “