City commission paves way for project
By The Telegram
By The Telegram
The Garden City Commission approved two items Tuesday during a brief special meeting.
First, the commission adopted a resolution that authorized issuing $9.34 million in temporary notes for the financing of some of the costs of the Schulman Crossing Phase II development. The notes will be paid back through the tax increment financing the commission previously approved for the project over the summer. The city approved the same kind of resolution during the development of Schulman Crossing Phase I, which included the development of the Menards site.
Schulman Crossing Phase II is a nearly $25 million project that will add more than 200,000 square feet of retail space on 34 acres north of Menards.
Also Tuesday, the commission approved the final plat of the Samy Addition, which is property making up the development of a water park, hotel and Old Chicago restaurant south of Schulman Avenue and the U.S. Highway 50/83 bypass.
The plat is divided into six lots, two for the restaurant and hotel/water park, two for future commercial sites, one for existing commercial buildings and the sixth that may have limited commercial potential in the future.
It also identified the layout of sidewalks for the development, the layout of Lareu Road and service roads and the roads' right of way and utility easements.
Located at the former Fun Center property south of Menards, the $25 million development, initiated by hotelier Amro Samy, will include a 22,000-square-foot indoor water park, a 96-room hotel and a 7,000-square-foot Old Chicago restaurant.