More businesses will find room to build in CP
By Kitty Conley firstname.lastname@example.org January 15, 2013 12:32PM
Updated: January 15, 2013 12:32PM
CROWN POINT — On Jan. 7, the City Council passed the required second reading on the zoning change requested by Dr. Jerry Lambert for the family’s property on the south side of 109th Avenue just east of the northbound exit for Interstate 65.
This property consists of over 42 acres of vacant land that includes a small lake or large pond just beyond the expressway’s northbound exit. This lake, according to realtors at Wille and Stiener, will continue to be used as a feature of the property.
The value of the entire 42 acres is over $5 million, and will be a lot more when developed.
One item of concern at the City Council meeting in December of 2012 was the legal description of the right-of-way for the old railroad that runs completely inside the property.
This old railroad is being looked at for a continuation of the Rails to Trails project. All the required legal details had been made part of the legal description, according to City Engineer Tris Miles.
“We have had a hotel chain sniffing around but they have not gotten anything done yet,” said Gerry Stiener of Wille and Stiener. He added, “In this economy we have to take all the road blocks out of the way that we can. Otherwise a developer will go someplace else where that is already done for them.”
As regards the old railroad right-of-way Stiener thinks that this will be a benefit to the land bringing rails to trails to allow shoppers or workers to come to a future commercial use of this property.
Stiener had said earlier that having a single piece of property this large already zoned for business will make the property more valuable. It will also be more valuable to the city in real estate taxes as a developed business use than as vacant farmland.
Lambert was at the meeting, but since no council members had any questions he was not required to address the council.