Galesburg Moves Forward with Business Development District - News and Weather For The Quad Cities -

Galesburg Moves Forward with Business Development District

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Galesburg City Council agreed Monday night to sign a letter of intent with a developer - moving forward with a development project on the city's north side.

The city estimates the new businesses will bring $200,000 of revenue into the city each year.

The letter of intent is a formality the city must go through before beginning construction 

The city says the development will be called Gale Village and will include a Hampton Inn hotel, an Aldi and another yet-to-be-named retailer.

The residents who live behind the potential development said they've been trying to stop the plan because they don't want the businesses in their backyard.

"One of the biggest problems we have is the possibility of our property values going down," Resident Richard McGee said. He said he and his neighbors are irate over the project and feel their voices aren't being heard.

Alderman Wayne Dennis spoke out against the council at Monday's night's meeting, trying to defend McGee and his neighbors. But the council outvoted him.

Mayor John Pritchard said the city is making sure it will separate the residential area from the commercially zoned area.

If the city does move forward with the plan, the developer said the Aldi and the other retailer should be up and running by fall 2013. The hotel should be operating within a year from now.

People who shop at those businesses or stay at that hotel will also pay a one percent sales tax in addition to the regular city taxes. That money will go toward building public infrastructure in the business development district like streets and sewers.