The Aurora City Council this week unanimously approved a development agreement with Fox Valley Developers LLC to turn the former Copley Hospital campus on the near East Side into a mix of senior living, independent apartments, education, neighborhood health care and parks.
The $128.5 million development will include $9 million in incentives from the city that could be as high as $15 million, depending on interest costs.
Mayor Richard Irvin called it the biggest investment on the East Side “in generations, maybe the largest ever.”
