What might be going on? Can you say Azarian Marina? With update

Two events going on

1) Committee of the Whole  Monday 10/22/12 6:30

Subject: (Direct Referral) Request from the Director of City Development to present the
plan titled “RootWorks – Revitalizing Racine’s Urban River Corridor, Root River Corridor
Redevelopment Plan” and discuss the next steps for implementation of
recommendations.

2)

Executive Committee Meeting: Monday, October 22, 2012 6:00 PM City Hall, Mayor’s Office

“It is intended that the Executive Committee will convene in closed session pursuant to section 19.85
(1) (e), Wisconsin Statutes, to address the request of the Director of City Development to acquirenon-residential real estate, which requires a closed session for bargaining reasons.

Part of the Rootworks plan call for Water St to be marked to others as Machinery Row:

From the Plan The catalyst for RootWorks is Machinery Row, with warehouses and industrial buildings
lining Water Street. Rich with character and history, these buildings will see reuse as urban
lofts, live-work units, and creative spaces for growing new businesses. Just out the door, the
River Loop connects workers to 1.75 miles of scenery, walkways, River access and parkway.
An entrepreneurial business magnet in the past, Racine’s riverfront has high
profile space opening up once more. Several sites in the Corridor are poised for
redevelopment, including large parcels of land for new businesses and corporate centers

A large area of this area is made up of the Azarian Marina. The owners are behind on Taxes want to sell as I understand it have asked the City to buy the property.  City Administer  Friedel told me in a phone call that Azarian Marina wanted too much money for the City to buy.

Ah is it raining or is   Friedel pissing?

Lets add the fact that The City can’t build out but only within. Buildable land is at a premium (this is if anyone wants to build in Racine) so this area of the City be a great location for someone (if they exist) right?

plug that in to a new Foot Bridge  across the Root River from Mount St to this new city owned area and maybe a retail center is proposed with its own TIF area!

Is there a Developer  standing by?

Is the J-T  running this story “LOT FOR SALE: City-owned land awaits development in Racine” preparing the way?

http://www.journaltimes.com/news/local/lot-for-sale-city-owned-land-awaits-development-in-racine/article_e05585b4-1b2c-11e2-b90c-001a4bcf887a.html

Now your guess is as good as mine in this but IMHO this all fits together all too well and this is Racine.

The City who’s Mayor tells the Unions we have no money to pay them, sues his own City gets the City to pay his legal bills and settlement.

Now looking like to some that Mayor John Dickert wants to play Real Estate games.

10/27/12

Looks like its not quite the time for the City to buy the Marina unsted they bought two other locations.  One Racine Steel Castings  will cost how much to get ready? the the Old Case Credit Building.

The   Azarian Marina fits too well IMHO in the idea of Machinery Row for it not to be bought.

We also have no idea of what was all talked about at this time in the Executive Committee Meeting. Nor do we know if the county maybe coming in on this due to the Back Taxes

 

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2 Responses to What might be going on? Can you say Azarian Marina? With update

  1. Scott E says:

    “Sam & Sons Marina
    800 Water, Racine, WI 53403

    Description

    Marina on Root River in Racine. Includes 7 Tax parcels. 167 Boat slips, 3480 sq ft office building, 15,680, 6000 and 15,120 sq ft buildings for inside storage, 2080 repair shop building and 6 acres of outside storage. All marina equipment is included in the sale. Financial information is available upon request and confidential agreement signed.

    On Root River off of Hwy K. Property includes the following 800 Water, 1010 Water, 470 Water, 712 Water, 512 Water, 702 Water and 308 4th Street.”

    Asking $995,000

    http://www.loopnet.com/Listing/16960805/800-Water-Racine-WI/

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