Eagle River City Council Considers Wall Street Square "Pocket Park" Funding Options wxpr.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from wxpr.org Daily Mail and Mail on Sunday newspapers.
Credit Wikimedia Commons Royalbroil
A recommendation to the Eagle River city council to approve a conditional use permit for a 44 apartment unit development by S D Swiderski with an estimated value of $3 million was made last week by the city plan commission after a public hearing.
The development is planned on just under seven acres at Red Fox Lane and Ohio streets on the cities north side and construction would begin in 2022 and take approximately one year to complete.
During the public hearing, concern was expressed over storm water drainage on and from the property.
Those were addressed by city administrator Joe Laux.
Credit Wikimedia Commons Royalbroil
After the Christmas display on the former Seyfert gas station lot on the corner of Wall and First street acquired by the city generated numerous compliments, the Eagle River City Council decided to place the proposed sale on “pause” and to explore different public uses as a mini-park downtown.
The property was purchased using a $200,000 ten year loan with an additional $35,000 cost to clean up the former gas station. The council then adopted a position to offer the site for private development.
Alderman Jerry Burkett indicated he requested the council agenda include a discussion on the future of the site.