Updated at 10:20 p.m. Aug. 20 to include the City Council's decision to delay its vote
Businesses in Fairview Heights may soon find private investors to help them make their buildings more energy efficient.
The Fairview Heights City Council is considering a proposal to establish a Property Assessed Clean Energy financing program in the city. The council had scheduled a vote for Tuesday, but delayed it until its Sept. 3 meeting to give the public an opportunity to see recent changes state legislators made to the law.
The PACE program gives commercial property owners access to long-term loans for efficiency upgrades. It would help new and existing businesses invest in their properties, said Paul Ellis, the city’s director of economic development.