Development Agreement Approved for Potential Project in Downtown Beloit

 

By Juliana Tornabene, NBC15 – Nov 22, 2022

 

MADISON, Wis. (WMTV) – A potential $16-20 million development project to enhance the area around the Rock River in downtown Beloit is one step closer to becoming a reality.

City of Beloit officials noted a development agreement and purchase sale for a proposed-private development was approved by the city council Monday night.

The project would involve the City demolishing a vacant building along 80-100 East Grand Avenue, along the Rock River. The Wisconsin Department of Natural Resources is requiring the existing building that protrudes into the river to be removed by the year 2042, for what it describes as extensive damage to the underwater structure.

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