$5M Grant Would Help Build Geneva’s Southeast Side: Officials

GENEVA, IL — Geneva officials are seeking help from the state to build an electrical substation that could provide a foundation for long-term growth on the city’s southeast side.

Officials approved an application in June for $5 million in grants from the Rebuild Illinois program to build the substation and distribution infrastructure, according to a post on the city’s website.

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The substation and distribution improvements, which would service the city’s Southeastern Master Plan Area, is expected to cost about $13 million. Officials are planning to raise the other $8 million by issuing bonds.

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The city plans to annex more than 200 acres of land on its southeastern border to create a privately developed industrial park with 2.62 million square feet of space. The industrial park would be impossible to develop without new electrical infrastructure, officials said.

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Cathleen Tymoszenko, Geneva’s economic development director, told the Daily Herald that the industrial park would increase the city’s tax base, attract and retain businesses, and increase housing demand, while creating about 1,100 construction jobs and 1,200 long-term jobs.