WICHITA, Kan. (KSNW) – The Wichita City Council voted to go ahead with two projects that would bring than $60 million in development to the city.
The development will take the place of now empty lots in Delano and College Hill.
The city approved the Douglas and Hillside development by a vote of 7-0. The Delano development was approved by a vote of 4-3.
A Kansas City real estate group is looking to invest $40 million into seven acres in Delano bringing a 180-200 room apartment complex, a parking garage, hotel and green space in an area that used to be railroad tracks.
“You see it across cities, here, we have that where they are being turned into a multi-use path for bikers, runners and general pedestrian use,” says Rigby.
A separate plan, Uptown Landing, would invest around $25 million on a four and half-acre site in the College Hill area, just off Douglas and Hillside.
This new development, hopes to bring a four-story 15-18,000 thousand square foot 180 room apartment complex.
And across the street will be a retail and loft area.
“A mixture of apartments and office and commercial activity that brings more vibrant scene to what is going on in the city today,” said Rigby.
The sale will bring in about a million dollars to the city, but Mayor Jeff Longwell says the real value is in the future tax revenue.
“It encourages growth, it encourages new opportunities that don’t come with an additional tax burden on individuals today. But it provides growth where we can spread that tax burden out,” said Longwell
Mayor Longwell said they could have contracts done within the next 30 days and then the investors will break ground.