Green Bay city council approves 2/3 redevelopment projects up for discussion

Artist concept of west-side stadium

Green Bay City Council members approved two out of three redevelopment projects up for discussion Tuesday night.

On the west side, the council is considering an outdoor events center on West Mason Street near South Broadway, which would be called “The Shipyard.”

The complex developer, Big Top Baseball, owns the Green Bay Bullfrogs baseball team. Big Top wants to use the site for baseball, soccer, football and community events.

In addition to a stadium, the project would include an Anduzzi’s sports club and an indoor concert venue. The city is hoping to add some apartments in the north section, add retail in the west section, and continue the Broadway district in the Broadway section of the development.

To finance the project, the city would have to borrow about $8 million. Big Top Baseball would contribute $1 million upfront and then pay back the city about $4.5 million over 20 years.

Members approved the term sheet for ‘The Shipyard’ redevelopment with two added amendments: creating a new TID (tax incremental district) or expanding the current one and not using obligation debt. Joe Moore, Alderman District 6, said he doesn’t want tax payer funding to pay back the bond. Now the city will start working on a development agreement with the developers.

The term sheet for redeveloping Cub Foods next to East Town Mall was also approved Tuesday night.

An Illinois-based developer is asking for $800,000 in financial assistance for an $8 million project to convert the property to house five mid-size national retailers.

The city council did not approve the term sheet involving the redevelopment of East Town Mall. The have decided to send it back to the Redevelopment Authority for further negotiations with the New Jersey developers. Members still have concerns about financial assistance. The developers are asking for $3 million in city assistance for the $12 million project.

The developers want to greatly renovate the shopping mall so storefronts face outside and bring in a sporting goods store, a grocery store and a new location for a Brown County library branch.

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GREEN BAY, Wis. (WBAY) – It’s proving to be another busy, long night at city hall as the Green Bay City Council weighs three major developments Tuesday.

The city council was in closed session at 10 p.m.

Last week, the city Redevelopment Authority approved three projects that would transform areas on both sides of the city.

On the west side, the council is considering an outdoor events center on West Mason Street near South Broadway, which would be called “The Shipyard.”

The complex developer, Big Top Baseball, owns the Green Bay Bullfrogs baseball team. Big Top wants to use the site for baseball, soccer, football and community events.

In addition to a stadium, the project would include an Anduzzi’s sports club and an indoor concert venue. The city is hoping to add some apartments in the north section, add retail in the west section, and continue the Broadway district in the Broadway section of the development.

To finance the project, the city would have to borrow about $8 million. Big Top Baseball would contribute $1 million upfront and then pay back the city about $4.5 million over 20 years.

During the open public session, nearby homeowners and business members explained their concerns and their support:

“The railroad is probably the biggest one. I don’t know how the city is going to deal with it. They haven’t been able to do it since I have been there for 60 years,” Dean Eslien, who lives on nearby Pearl Street, said. “We have trucks coming and going all day long. Often times they sit for 40 minutes because the train brakes south of the bridge.”

“We see this as a catalyst of development in an underused corridor. We believe this will spur economic development, create more tax base and create a unique entertainment space that will attract and obtain young professionals in the area,” Barbara Koldos, chair of the Young Professionals Advisory Council, said.

The city council is being asked to approve a term sheet, which basically outlines how to negotiate an agreement between the city and developer.

The council will also consider two neighboring redevelopment projects on the east side.

The first would redevelop East Town Mall.

New Jersey developers want to greatly renovate the shopping mall so storefronts face outside and bring in a sporting goods store, a grocery store and a new location for a Brown County library branch.

The city council already discussed the proposal once and sent it back to committee because of concerns about property value and financial assistance.

The developers are asking for $3 million in city assistance for the $12 million project.

The RDA revised the term sheet and is looking for approval.

The second involves the former Cub Foods building next to the East Town Mall.

An Illinois-based developer is asking for $800,000 in financial assistance for an $8 million project to convert the property to house five mid-size national retailers.