St. Charles Council poised to reject Lexington Club TIF deal

By JONATHAN BILYK - jbilyk@shawmedia.com

Created: Wednesday, December 12, 2012 5:26 p.m. CDT

Updated: Wednesday, December 12, 2012 10:36 p.m. CDT

ST. CHARLES – A project that would turn the site of a former plastics factory into a residential neighborhood has run into a roadblock at City Hall.

This week, the St. Charles City Council’s Planning and Development Committee recommended the council reject an agreement with a developer that would have allowed the developer access to about $6 million in tax increment financing funds to underpin the project.

The 7-2 vote reflected the discomfort aldermen expressed over various aspects of the so-called Lexington Club housing development.

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