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Throughout the 2000s, a motion started to reverse city blight of downtown Rockford, which had started in the 1960s. Following an 18-month multi-million dollar remodelling and expansion, the Coronado Theatre was resumed in 2001. In 2008, the Metro, Centre downtown arena finished a $20 million remodelling (renamed the BMO Harris Bank Center in 2011).
Prior to the onset of the Great Economic downturn, real estate in Rockford was affected by disastrous weather occasions. In 2006 and 2007, Keith Creek underwent 100-year flooding occasions, destructive numerous older homes on the near east side of the city. In action, the city protected FEMA grants, destroying over 100 houses; to lower the severity of future flooding occasions, the creek is being rebuilded (through 2019) and left as greenspace.
Coronado Theatre - Wikipedia
While remaining the largest city in Illinois outside Chicago and its residential areas, approximated population decrease from 2010 to 2017 led Rockford to be overtaken by Joliet and Naperville (the latter, somewhat), successfully making it the fifth-largest city in Illinois. From 2014 to 2018, the unemployment rate in Rockford has fallen from 12.
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4 percent (the least expensive considering that 2000). While predominately a production neighborhood since World War II, Rockford has actually struggled to diversify its commercial base. Moving from agricultural machinery and furniture, producing in the city remains dominated by fasteners, automotive suppliers (representing FCA Belvidere Assembly), and the aerospace market (Woodward and Collins Aerospace; the latter, tracing its roots to Sundstrand Corporation).
Boeing consisted of Rockford in a list of 5 finalists to manufacture the 777X throughout union disputes in 2014. In 2016, AAR Corporation opened a MRO center at the Rockford airport with a garage big enough to fit a Boeing 747-8. Throughout Also Found Here , all 3 major health care service providers in Rockford went through major growths of their facilities.
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In 2014, Mercy, Health (based in Janesville, Wisconsin) acquired Rockford Health System, the operator of Rockford Memorial Health Center. In 2019, Grace, Health opened Javon Bea Hospital-Riverside (named after the Grace, Health CEO and its Riverside Boulevard/Interstate 90 place); its second healthcare facility in Rockford, the $505 million complex was the largest building and construction job in the history of the city.