During a special meeting on Monday, July 2, the Pleasant Prairie Plan Commission considered and sent a recommendation to the Village Board to approve a Development Agreement for The Gateway at LakeView Corporate Park. Later that same evening the Village Board approved the Development Agreement, for the proposed commercial development of the vacant property located north of STH 165 along 120th Avenue (East Frontage Road).
Area improvements including sanitary sewer, street trees, sitework, street lights within 120th Avenue (East Frontage Road) and a pedestrian path need to be established for The Gateway. The Village is planning to issue a 2.8 million dollar Developer Revenue Bond to the WisPark LLC Developer who will in turn provide their own financing for the installation and warranty of the projects. Tax Increment District (TID) #5, Amendment #1 includes reimbursements of these certain costs for the WisPark funded projects in The Gateway Development.
The property is proposed to be subdivided into three lots and Outlot. Pursuant to the Master Conceptual Plan as conditionally approved by the Village Board on December 18, 2017 the property is proposed to include restaurants, gas station/carwash/c-store and/or multi-tenant commercial buildings. Lot 1 is 3.488 acres, Lot 2 is 3.192 acres and the future Kwik Trip site, Lot 3 is 6.347 acres which could be further subdivided, and Outlot 1 is 8.809 acres.