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The announcement was just made minutes ago;
The first project to redevelop part of the downtown rail yard is envisioned as a mix of commercial and residential that would enhance the area around 8th & Railroad Center.
The development will be owned by Black Iron Railyard, LLC, which is led by David and Erika Billion.
Erika and Dave had told me over a year ago they were going to submit to the RFP and were greatly interested in the property behind the 8th and RR center that they currently own. I am actually glad to see they were awarded(?) the RFP, and for once it wasn’t the same old group of developers.
Obviously, the City Council will still have to approve the project, but like I mentioned last week, the ball is already rolling.
It will be interesting to hear if there will be any controversy over this project. The only thing I would be concerned about is building residential less than 100 feet from an active train track. There has been a promise this area will become ‘whistle free’, something that should have been negotiated to begin with. We will have to wait and see how the turd polishing goes.