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Tuesday, February 13, 2018, Pleasant Hill City Council unanimously approved a development agreement with well-known infill developer, Christensen Development. The agreement allows a vacant waterpark in the City’s most visible corridor to join the same playing field as land that is already primed for development.
“This is an opportunity to move forward with a developer known for their high-class projects for the highest and best use for this site and listen to what the residents of Pleasant Hill want,” said Sara Kurovski, Mayor of Pleasant Hill. “This is just the beginning.”
The development agreement includes a $2.25 million loan, which will be released as Christensen Development reaches specific development milestones to demolish and develop 5401 East University Avenue. Investments are likely to include restaurants, retail and more.
“Pleasant Hill has an opportunity to step into the spotlight of the Greater Des Moines area with this vote,” said Regina Glawe, resident of Pleasant Hill. “It is beneficial to everyone who lives here. We have an opportunity to create a believable pathway to secure a financial future for Pleasant Hill for the long-term.”
Residents showed their excitement by filling the Pleasant Hill Council Chambers and sharing their testimonials. Many expressed having fond memories at White Water University, but feel it is time to move forward, proving this redevelopment is a top priority to increase the quality of life and continue to spur economic development in the community. Christensen Development estimates the project’s investment value is at least $15 million. A project representative at the meeting said their intent is to close on the loan on Friday, February 16 and begin demolition shortly after.