Imagine acres of new industrial development that adds millions of dollars to Geneva's property tax base.
Imagine Kautz Road extending all the way to Fabyan Parkway from a brand-new railroad overpass at Route 38.
Or row after row of residences just across Kirk Road from the Fifth Third Bank Ballpark.
Such is the scope and promise of a SouthEast Master Plan, which will be presented tonight (7 p.m. Monday, Nov. 12) at the Geneva City Council Committee of the Whole meeting.
The 500-acre planning area extends from Route 38 on the north, to an extended Kautz Road on the east, to Fabyan Parkway on the south to Kirk Road on the west.
Development of the property over time has one huge potential impact: the diversification and expansion of Geneva's tax base.
"Industrial development is key to Geneva’s long term financial stability," says the report. "Currently the tax base is 74 percent residential as measured by equalized assessed value. Increasing the business tax base could reduce (the city's) reliance on sales tax."
The area is divided into four development subsections:
- The North Area — to be a mixture of commercial and industrial uses located east of Kirk Road, north of the Union Pacific Rail Road (UPRR) line and south of Route 38.
- West Central Area — existing Old Kirk Road residential properties are shown as residential to reflect that no immediate change is expected. When calculating future utility demand, however, calculations considered this acreage may eventually be redeveloped as commercial.
- Southwest Area — to be a mixture of industrial and commercial uses at the southwest corner, envisioned to mainly serve and complement the existing recreational uses (baseball stadium, soccer facility, ice arena, and golf course); a proposed hotel/meeting/competitive sports facility proposed at former Kane County Jail site and Settlers Hill landfill; and surrounding businesses.
- East Area — to be industrial development west of, and along, the county line. Light industrial already exists to the north, east, and south of this area.
The full plan can be accessed here or can be found on the Committee of the Whole agenda packet on the city's website.
SOURCE: City of Geneva