“Layered financing that helps to cover that gap is one of the things that we’ll be looking at doing. We’ll be working with developers, the city and major partners, probably be pursuing grants as well to offset those costs. If we can lower the costs of rehabbing, then they can be competitive from a rental or sales pricing point,” Freilinger says.
Freilinger left Tazewell County in April. He also was county Administrator Polk County, Iowa. Downtown Development Corporation’s members include appointees from the city, Caterpillar, area hospitals and other business officials.