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Crown Point council approves development agreement for 1.2-million-sq.-ft. Venture One warehouse project
Summary
The Crown Point City Council voted April 6 to approve a development agreement with Venture One Crown Point LLC for a roughly 1.2 million-square-foot distribution facility, with developers and union representatives saying the project will include a project labor agreement and create about 500 construction jobs.
The Crown Point City Council approved a development agreement with Venture One Crown Point LLC on April 6 to advance a large distribution and warehouse project that staff said will be financed through developer-backed notes and related TIF mechanisms.
Attorney Jim Wieser, speaking for the petitioner, described the project as “a distribution and warehouse structure of about 1.2 million square feet” and said the development should…
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