By Tim Kowols
The future of the west waterfront was the main focus of three votes made by the Sturgeon Bay Common Council on Tuesday. First, the council voted 5-2 to extend its Planned Unit Development (PUD) agreement with hotel developer Bob Papke for another two years. It then designated 39.7 acres of the west side as part of a new Premier Economic Development District, which would create two additional Class B liquor licenses for an area expected to hit $20 million in value if it is developed as planned. The council finally voted to perform a redetermination of the tax increment base of Tax Increment District #4 after a fire that destroyed the former Harbor Place Shoppes altered its outlook. District 1 Alderperson Kelly Catarozoli voted against the redetermination, citing the lost value in the land in efforts to make the TID look better.
Community Development Director Marty Olejniczak told the council approving the measure could result in a short-term hit, but could also make for a long term gain.
An actual project plan amendment and resolution for the TID redetermination will now be formed for final approval from the Common Council, the Plan Commission, and Joint Review Board. The PEDD will receive a second ordinance reading at its next meeting.