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June 27, 2014

Developer: Time is of the essence for proposed Jeffersonville development

Sewer project, zoning change must move forward for hotel to be built in Jeffersonville

JEFFERSONVILLE — If White Reach Development’s proposed $25 million project at the southwest corner of 10th and Spring streets in Jeffersonville moves forward as planned, it could become a $40 million development in short order, said Michael Fulkerson with FDA One LLC, White Reach’s local representative.

But that depends upon whether or not a parcel within the property currently owned by the Jeffersonville Redevelopment Commission is rezoned to Commercial Highway. If that doesn’t happen, the centerpiece of the development — a full-service, 250-room Holiday Inn — will likely be constructed in Clarksville instead, Fulkerson said.

The Jeffersonville Plan Commission has already given the zoning a favorable recommendation, but the zoning change must be approved by the city council at a July 7 meeting.

“[Holiday Inn is] not going to stop,” Fulkerson said Friday at a Jeffersonville Sewer Board workshop at the city’s River Ridge sewer plant. “They’ll end up going to Clarksville on the deal, is what’s probably going to happen.”

The Holiday Inn would be between 11 and 13 stories tall, Fulkerson said, and would have a high-end restaurant on top. If the Holiday Inn is built, Fulkerson said it’s “very likely” that a Holiday Inn Express and a Staybridge Suites would be built on the property. Fulkerson couldn’t provide an exact timeline or an estimate of job growth as a result of the two potential hotels, but said that would add another 150 hotel rooms on top of the 250 in the full-service Holiday Inn.

“It would have a huge impact,” Jeffersonville Mayor Mike Moore said. “The entrance to Jeff has always been a sewer plant or a pump station. All of the sudden, now we’ve got a $25 million development, which sounds like it could turn into $40 million.”

Also locating at the site would be a McDonald’s and a Zaxby’s, and Fulkerson said negotiations are ongoing to get Cracker Barrel to build a restaurant on the site.

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