Increasing Costs, Increasing Concerns For Ingersoll Project

- ROCKFORD (WTVO) – Scrap the old funding plan for the Ingersoll Building project. The newest members of the Rockford City Council have some new questions.

"I didn't vote for the first bond,” said 4th Ward Alderman Kevin Frost. “I think now I'm going to get a chance to vote for the second bond and I want to see the project go forward. I just don't want to see it be really expensive for all the residents of Rockford."

It's getting more complicated, which is getting more expensive. That’s enough concern for the Planning and Development Committee to scrap the first bond for the project and attempt to pass a new ordinance.

"As an alderman, I don't know where we're at with the funding or the total cost of this project,” says Frost. “I think more information is going to be forthcoming very quickly."

"You want to make sure you're building the right facility and that it meets the demands and needs of local citizens and our visitors," said John Groh, President and CEO of the Rockford Area Convention and Visitors Bureau.

The investment would be ideal to attract business downtown.

"We know that when this project is completed and we expand our sports offerings, we'll be able to bring in about $16 million in new economic activity,” says Groh.

Is $16 million enough to offset escalating costs? City Council is only willing to go so high.

"I think anything north of $20 million seems like a lot of money,” says Frost. “I don't know who else is going to chip in to pay for it."

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