Wednesday, November 23, 2011
Major STAR Bonds Announcement Set for Monday
View Marion STAR Bonds District in a larger map
Expect a major announcement Monday from the folks behind the proposed Millennium Development project in Marion's STAR Bonds district.
No, don't expect the names of the major anchors for the project the destination user and entertainment user necessary to get the project off of the ground. Instead look for the name of a partner with the heft to assist the Hollands in getting the overall project started.
The new partner offers 70 years of experience in designing, developing and managing real estate projects throughout the country, including recent projects in both the St. Louis and Chicagoland area. The firm has been "building lasting relationships" by specializing in "fully integrated solutions."
In terms of heft, they employ 150 people in their Chicago office alone.
Though there has been some griping about the speed of the project (or lack thereof), this step is a good sign. Especially, since keep in mind, this is the worst economic condition in decades in which to start a major commercial and retail development.
Can't wait to see what all Monday will bring, but for now, just know that the project is still moving forward.