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Council approves nonbinding MOU to study 210‑acre mixed‑use project at Pabst Farms with Village of Summit
Summary
The Common Council approved a nonbinding memorandum of understanding on Oct. 7 to study a roughly 210‑acre mixed‑use project at Pabst Farms in partnership with Cobalt Partners and the Village of Summit.
The Oconomowoc Common Council voted Oct. 7 to approve a nonbinding memorandum of understanding (MOU) with Pabst Farms and developer Cobalt Partners to study a roughly 210‑acre mixed‑use project that straddles the city and the Village of Summit.
Why it matters: The parcel, which includes land north of Interstate 94, is large and potentially transformative for the local tax base and transportation network. The MOU does not approve any zoning, TIF or infrastructure funding; it establishes an early roadmap for market analysis, master planning, phasing and site‑level studies and makes clear that future approvals would require separate, formal municipal actions.
Scott Yauch, president of Cobalt Partners, told the council the…
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