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Extension granted for potential Crown Point development

Updated: December 17, 2012 8:42AM



CROWN POINT — The city Plan Commission has extended the plats on two commercial developments dormant since the economic downtown after the bank owner said interest in the land is picking up.

Great Lakes Financial Resources was granted 12-month extensions before the Plan Commission last week for the primary subdivision plat of Stone Terrace Phase 1 and of the primary and secondary plats for Phase 2.

Phase 1 is a nine-lot commercial development at the southeast corner of U.S. 231 and Delaware Street adjacent to Phase 2, a continuing care retirement community.

“Things have been turning around,” said engineer Jeff Ban with DVG Engineering Inc. Ban was speaking on behalf of the bank.

He said this is the third time they have been before the Plan Commission for a 12-month extension since acquiring the land but the difference is this time there have been a number of inquiries from potential buyers.

Plan Commission member John Marshall said over the past several years extensions like this have become all too common.

“Hopefully we can see some of this planned development happen,” Marshall said.

Christopher Meyers, director of planning, said there are still some drainage concerns that must be addressed if Phase 2 is to go forward.



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