The Janesville City Council is considering providing more than $100,000 in tax incentives for a handful of new apartment units proposed for the downtown.
Grafft Irrevocable Trust is seeking a six figure tax incremental financing agreement with the City of Janesville to convert the second floor of the buildings at 401 and 405 West Milwaukee Street into five market-rate apartments.
City Economic Development Director Gale Price says there used to be apartments in the upper floors of these buildings in the 1950’s.
Price says the City Council will consider the terms of the TIF agreement when they meet at 6:00 on Monday night at City Hall.
