Granite City Approves Penny Lane TIF Inducement Resolution

Granite City approved an inducement resolution for Penny Lane I, LLC related to proposed redevelopment and expansion of the Route 3 Corridor TIF area. The resolution contemplates potential reimbursement of eligible redevelopment expenses through future tax increment if the expansion and a redevelopment agreement are approved.

Document date · September 15, 2026

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Scope & details

The full contract record, as filed.

Contract type

OTHER

Document type

AgendaPacket

Source document

Granite City AgendaPacket 2026-09-15

Related contracts

Other contracts from Penny Lane I Llc.

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city_council_and_committee_meetings_minutes_octobe.pdf

AMENDED

City of Granite, IllinoisOct 21, 2025

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the government contract by City of Granite?

Penny Lane I Llc was awarded this government contract by City of Granite, as recorded on September 15, 2026.

What type of contract is this?

This is a government contract, documented as a agendapacket record.

Where was this contract approved?

This contract appears in Granite City AgendaPacket 2026-09-15 (AgendaPacket), dated September 15, 2026 from City of Granite. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Penny Lane I Llc hold?

Penny Lane I Llc may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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