council tonight finally approved the Deer Creek Center redevelopment.
The council, minus Mayor Jim White and council member Tim Dunn, voted to approved the Deer Creek Center Tax Increment Refinancing (TIF) Plan and to establish the Deer Creek Center Community Improvement District.
Council member Karen Wood said the city wanted to make sure enough retail places that had signed a commitment before any money was spent to go through the process, and they were assured that had happened.
Two retailers have been made public, Ross Dress for Less and Joanne Fabric have signed leases. Summit Development Group president Scott Reese, after the meeting, said several other national retailers of soft goods will be announced in the next 30 days.
Reese said an asbestos abatement process will be next week, and construction will start very soon.
He plans a fall delivery to the retailers, with a grand opening of the stores in March, 2013.
“It’s been a long time coming and we’re thrilled with the opportunity,” Reese said. “The city has been great to work with.”