On Monday, August 20, the Village Board considered and approved a Development Agreement between the Village of Pleasant Prairie and Riverview Group, LLC. The company plans to develop approximately 308 acres of property generally located between 110th Street and 122nd Street, and along the east side of the I-94 East Frontage Road (120th Avenue) for the development of industrial buildings.
In April of 2018, the Village approved the project plan and boundaries for Tax Incremental District #7 for the developer to fund public infrastructure and roadway improvements, and other utilities for this development. The developer, Venture One, will be responsible for financing several area public improvements, and will be reimbursed through tax increment generated by the project. Public area improvements along 120th Avenue, 122nd Street and 116th Avenue include street upgrades, sanitary sewer extensions, watermain, street trees, sidewalks, street lights, and sitework. A permanent sanitary sewer lift station will also be installed.
The property proposed to develop with five buildings to be constructed in 3 phases. Venture One can determine the development phasing order and plans to begin construction during spring of 2019.