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Oswego awards nearly $63,000 in economic incentives for downtown building improvements · Kendall County News - Shaw Local

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  Oswego awards more than 63,000 in economic incentive for downtown building improvements
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  Written by Eric Shelkov This article is being read by an automated
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  voice, brought to you by Everlit. The owner of two buildings in
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  downtown Oswego hopes the about 63,000 in economic incentive award
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  he will receive from the village for needed building improvements will help
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  him find new commercial tenants for the buildings. At the September 11th
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  Oswego Village Board Meeting, Village Trustees unanimously approved a 32,831
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  Economic Incentive Award for the building at 8 West Washington Street, along
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  with a 30,3327 Economic Incentive Award for the building next door to
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  it at 12 West Washington Street. The benefit is that this is
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  really in The gateway to our downtown, Oswego Village President Ryan Kaufman
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  said. The
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  could use some work now, and I think they're going to get
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  that attention that they need and look quite a bit nicer. There
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  will be a benefit to the aesthetics of the gateway to our
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  downtown. DTG Investments LLC owns both buildings. The building at 8 West
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  Washington Street has been vacant for two years. The building has been
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  vacant since Jack's Roofing last occupied the space in 2024, Oswego Economic
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  Development Director Kevin Lady said in a memo to the Village Board.
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  Before that, it had been occupied by various other tenants, including Mixed
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  Market Thrift, American Quality Home Improvement, American Family Insurance, and a Fitness
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  Studio. The applicant proposes to replace and install completely new exterior, windows
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  and doors, along with the siding, gutters, soffits and downspouts on the
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  building. In conjunction with these improvements, the applicant is also proposing to
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  pave the existing gravel driveway, which doubles as a parking area. The
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  building improvements are expected to cost about 55,662. In
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  addition, the driveway portion of the project is valued at 12,000 which
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  brings the project's cost to 67,662, Lady said. Regarding
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  the property at 12 West Washington Street, the second floor residential unit
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  is occupied, but the commercial unit on the first floor has been
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  vacant for many years he said. Leasing of the commercial supportion of
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  the building has been largely sporadic, though some notable past tenants include
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  a candy store and a crystal reader, Lady said. The owner proposes
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  to replace and install completely new siding gutters, soffits and downspouts on
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  the building, which is expected to cost 53,137. In addition,
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  the owner also proposed to build a new deck area at the
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  entrance of the building, valued at 7,518. That would bring the project's
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  total cost to 60,655. Owner Greg Dady told village
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  trustees, said the infrastructure inside both buildings is in good shape, unlike
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  the exterior.