DANVILLE, Il. (Chambana Today) — The Danville City Council’s public Works committee voted 7-0 on each of two separate major new development projects at Tuesday night’s council meeting.
One project is for the re-development of the former Carle Clinic Building located at 311 West Fairchild Street. Ross Lane Holdings has formed the “311 West Fairchild Danville LLC” division and plan to turn the old Carle building into a family entertainment center that would include a trampoline park, rock walls, an arcade, a toddler playground, party rooms and a restaurant. The interior of that building would be gutted and remodeled.
The developer has proposed spending about $2.9 million but hopes to get fiscal help from the city. For that to happen, the city would provide a Tax Increment District (TIF) payment of about $700,000 to the developer, with a projection of $300,000 being based on sales revenue, which is based on the first ten years of operation, said Logan Cronk, Community Development Administrator. The developer has plans to spend about $2.9 million on the project. mayor Rickey Williams Jr. said that the developer would receive approximately $30,000 back a year during that period., which would be about 50 percent from sales tax revenues.
The next project would include tearing down the former Red Lobster building at 3217 N. Vermilion St. to re-develop that property to a new restaurant facility by Solutions Group Real Estate LLC from Northbrook. Development Planner Jason Gigot spoke to council members, concerning interest in that property along with other properties in the area. To make this project happen, the city would likely spend approximately $80,000 to tear down the Red Lobster building. The developer is expected to provide proof that the facility has been leased out for at least 10 years before the city begins demolition work. Within one year of city council approval, the developer also has to submit plans for the construction of a new restaurant on that property.
Acceptable development for the site per the agreement includes Chick-fil-A, Raising Canes, Panera, Panda Express, Chipotle, Texas Roadhouse, Longhorn Steakhouse, Logan’s Roadhouse or Outback Steakhouse. The city would then reimburse the developer $300,000 for costs associated for development.
Mayor Williams said he is pleased with these two new ventures. “I am so excited about these projects. We really need a family entertainment facility in Danville, so families and children have something fun to do especially during the winter months. I also get asked a lot about getting new restaurants and it’s nice to see something new come to town.”
The full city council will vote on these projects at their next meeting at 6 p.m. on December 16th at the Robert E. Jones Municipal Building, located at 17 West Main Street.
