UPDATE 2: There's a need to clarify our original post on Tousis's proposal. He is not requesting money from the city. He's asking for a forgivable mortgage in exchange for providing at least 24 jobs. It wouldn't cost the city any money. Also, it's probably worth noting the development with help the city's TID pay back the loan it took out to demolish buildings on the site. Without development, the site will get expensive for the city. (That's why, for example, it's not practical to turn that site into a park. The city needs tax base.)
UPDATE: The RDA voted unanimously Wednesday afternoon to defer action on the proposed West Racine grocery store to a special meeting within the next few weeks.
The vote came with some sense of urgency. "We have to bring this to some kind of conclusion," RDA Chairman John Crimmings said at the meeting.
City Development Director Brian O'Connell said city staff received Tom Tousis's proposal too late to review. Zak Williams, a spokesman for Tousis, said the proposal was late because O'Connell and city staff missed their deadline by over a week.
Regardless, it looks like there could be some kind of vote on the proposal within the next two weeks.
ORIGINAL: The developer who wants to build a grocery store and restaurant with gas pumps in West Racine is seeking free land in exchange for the creation of 24 jobs for five years.
Tom Tousis, who will appear before the Redevelopment Authority this afternoon, submitted an offer to buy land at Washington Avenue and West Boulevard for $250,000 on a five-year forgivable mortgage.
Under the proposal, one-fifth of the mortgage would be returned each year if Tousis creates and maintains 12 full-time jobs and 12 part-time jobs. All of the workers would live in the city of Racine, according to the proposal.
The RDA is scheduled to take up the proposal at its meeting this afternoon.
The proposal was based on a similar agreement the RDA reached with Treasures Media to build a new warehouse in the Southside Industrial Park, according to Zak Williams, a spokesman for Tousis.
Williams added the "24 jobs" number is not indicative of the total number of jobs that will be created by the development. The final number will be higher, he said.