After years of sitting undeveloped, “Jackson’s hole” needs one thing before it might be filled — new building rules.
The new owner of the McCabe Corner property, Wisconsin-based Bear Development, is going to wait for new land development regulations to be written before developing the property.
Town staff and officials are scheduled to revise the regulations for Jackson’s commercial core during the current fiscal year, meaning planning for the lot could begin soon after.
“From an entitlement standpoint, we’re waiting to see what tools we can use to develop this site,” S.R. Mills, president of Bear Development, said Monday at a town workshop. Mills said plans for the site are not decided.
“We don’t know what the end use of the site will be,” Mills told officials at the workshop.
In the meantime, the firm is working on some immediate needs, such as temporary shoring reinforcement and sidewalks.
Over the winter, Bear Development will work with town officials on a plan to rebuild sidewalks. Construction could be-gin in the spring.
The site at the corner of North Glenwood Street and Gill Avenue has been a basement-deep hole for four years. When financing for the original project dried up, work on the property ceased, leaving a perimeter of fencing and no sidewalks.
But the town of Jackson will have an extra $100,000 to restore walkways around the property.
Bear Development has lumped its bond money into one pool, which now totals $286,000. The bond is supposed to pay for the reconstruction of the public right-of-way. The money had previously been split, with some reserved for landscaping.
Before the property changed hands in August, previous owner First Interstate Bank had a $185,000 bond allocated for the public right-of-way. Town officials didn’t think that would complete the necessary work.
Since the building permit expired in July, the lot has returned to its base zoning of urban-commercial with a lodging overlay.
Developers would now be permitted to build a 15,000-square-foot retail store or, because of the lodging overlay, a hotel as large as 35,000 square feet. Under the previous permit, which allowed for extra density, a 57,000-square-foot lodging development was allowed.
Mills and his family also own the Painted Buffalo Inn in Jackson.