Plans to convert a downtown Rockford building into a hotel and conference center were delayed by two weeks.
The city council is working on a deal with Gorman & Company that would renovate the former Amerock building by Davis Park. Alderman were slated to approve the proposal Monday. However, the Rockford Register-Star reports there were lingering concerns about the arrangement.
These include how the city would finance the $13 million conference center using its Redevelopment Fund, as well as how Gorman would keep hotel tax revenue for the conference center through 2040. Some of these issues were addressed in a series of 10 amendments to the $64 million deal. However, aldermen voted to delay the full vote until April 10.