The Janesville City Council considers spending more than $1.3 million buying back a 47 acre property that was given to Grainger as part of a tax incremental financing agreement approved nearly two decades ago.
Economic Development Director Gale Price says Grainger – which was formerly known as Lab Safety Supply – has fulfilled all the requirements of the original TIF deal and the subject property off of Enterprise Drive is a prime location for further industrial development.
The City Council will decide whether to approve or deny the deal as part of their consent agenda on Monday night.
