A Monmouth gas station is now officially in the process of expanding.
Work is being done to remove underground fuel storage tanks at the Beck’s location in Monmouth — just the start of what is expected to be five to six million dollars worth of work.
Monmouth City Administrator Lew Steinbrecher says the chain wants to expand its trucking facilities on their property, and they also plan to purchase some adjacent land they’ll ask to have annexed into the city.
The city council approved of the project this week, and in the future, Steinbrecher says they’ll be asked to approve of a new Tax Increment Financing district for the area, taking the property out of an already-developed TIF District for Main Street.
“The council passed an Inducement Resolution which will enable Beck Oil to begin to incur TIF eligible redevelopment expenses like land acquisition, demolition of the existing convenience store and canopy, and removal of the existing buried gasoline tanks, while the City creates the new TIF and negotiates a Redevelopment Agreement with Beck Oil,” said Steinbrecher, in an e-mail to WGIL.
That will allow Beck’s to recoup some of the costs for the project, which is expected to take a year to complete.
Earlier this year, Beck’s opened up a new large location, also including a car wash, in Peoria Heights along War Memorial Drive.
