An ambitious plan to attract $100 million in investment to downtown Waukegan and the Lake Michigan waterfront appeared to be well received Wednesday by a city advisory board, supporters said.
For more than two hours, members of the Greater Waukegan Development Coalition, a nonprofit focused on developing business and real estate, laid out its vision for a 140-room hotel, apartments, restaurants and other businesses as the central pieces of what was described as a "catalytic project" to jump start downtown development.
The presentation was to the Waukegan Economic Development Advisory Board, which reviews projects before forwarding them to city staff. The coalition is seeking approval for a planned unit development, a process expected to take six to nine months, according to Michael Edgar, an architect and president of the four-year-old group.
Known as GreenTown Redevelopment Project, the premise is make the downtown center and lakefront areas a destination for recreation and entertainment and attract business in the process. The core plan calls for a 140-room hotel, four restaurants, more than 200 apartments, and more than 12,000 square feet of commercial uses along Sheridan Road at Washington Street.
The project would be close to the Pace bus terminal and Metra rail line, and is envisioned as a "dense, walkable urban complement" to typical suburban development.
According to the coalition, the GreenTown project is meant to implement many strategies and recommendations developed through various past plans, including the city's master lakefront plan of 2003 and lakefront implementation plan of 2015.
Edgar said past proposals didn't utilize all the assets of the master plans.
"You can build a hotel but you need places for them to be entertained," he said. That's why a full service restaurant across from the Genesee Theatre and improvements to the festival grounds at Waukegan Harbor, for example, need to be part of the package, he added.
Edgar said the group has been working with the city and refining plans the past two years. The next step will be to forge a redevelopment agreement with the city. The advisory board forwarded the matter to city staff to begin work on that aspect, he said, but no developers have signed on for specific projects.
Our editors found this article on this site using Google and regenerated it for our readers.
ECB to Keep Policy, Stimulus Unchanged
Rodriguez, Raines, Bagwell, Get HOF Nod
Satellite tracking to keep tabs on airliners...
Trump's Treasury pick facing criticism over foreclosures
World shares mixed, Japan's Nikkei gains on weaker...
Trump has been great for jobs — but needs to...
With no will, Prince loses the control he guarded...
IKEA's $400 flat-pack city bike will hit US stores...
Seattle Bike Share system is being shut down
Asian shares mixed, Japan's Nikkei gains on weaker...
Where's my KCBS? Rain damages antenna
Big Oil back on the acquisition trail as outlook...
|Who Is Sonny Perdue? Donald Trump Expected To Name Former Georgia Governor As Agriculture Secretary For His Cabinet|
|‘Lucifer’ Season 2 Spoilers: Did Charlotte Hypnotize Chloe Into Making A Move On Lucifer In Episode 12?|