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.”

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