St. Charles owns most of the riverfront land between Main and Illinois Street. What do people think should be done with this land. I see three possibilities.
1) Make a beautiful park out of it. This brings in no increase in taxes.
2) Build 2 rental apartment buildings and 1 condo building and a parking garage with mainly private parking. There would also be a pretty small plaza and the area will be and look cluttered with buildings. This may bring in $800,000 a year in increased taxes.
3) Build 2 small footprint six story condo buildings with a parking garage with lots of private and public parking. There will also be a large beautiful plaza. This may bring in $600,000 a year in increased taxes.
Any opinion?
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