By Kevin Boneske
Staff Writer
Village Administrator Aaron Kramer said the agreement has tax incremental financing incentives, which include a reduced cost for the land purchase, incentive payments and future property tax abatements.
When the project was being considered by the board last year, Bernie Van Eperen, a partner with New Wall Street, told The Press Times the multi-million-dollar development known as The Highlander will be “a nice structure to showcase Hobart.”
“It should be a good bookend, a good face for Hobart, because it’s right next to (State) Highway 29,” he said.
Van Eperen said there are not many condominium developments outside of the Green Bay metro area, and the completion of the Highway 29/County VV interchange will make it possible to get from Centennial Centre to Lambeau Field in about 12 minutes.
PDD amendment
Prior to the closed session discussion, the board modified height and setback regulations in the Centennial Centre planned development district (PDD) when it approved an amendment to the village code.
Kramer said the PDD amendment not only relates to The Highlander condominium project, “but several others in the discussion stage which are multi-storied.”
“The cost of property right now, unfortunately, is jacking, increasing building heights to go up, mixed-use buildings, that type of thing,” he said.
Gerbers said the code change will also result in requests for variances in the PDD coming before the board for final approval, rather than the Board of Appeals.