Lawsuit settlement clears the way for Jeffersonville development - WDRB 41 Louisville News

Lawsuit settlement clears the way for Jeffersonville development

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Mike Hutt sued the city in September over this land, he claimed the redevelopment commission was selling the land way below market value. Mike Hutt sued the city in September over this land, he claimed the redevelopment commission was selling the land way below market value.

JEFFERSONVILLE, Ind. (WDRB) -- A lawsuit that was blocking a major Jeffersonville development has been settled.

Now, plans for the Gateway Development Project at 10th and Spring Streets are once again on the table.

The plan is to sell the land to a developer who will build hotels and restaurants.

City officials say it will also generate millions in tax revenue. However, the man behind the lawsuit says it was necessary because the city was breaking Indiana law.

It is one of the last pieces of undeveloped land in downtown Jeffersonville, but no one expects it to stay that way -- not even Mike Hutt.

"I was impressed with the development, it was nice," said Hutt.

Hutt is the man behind a lawsuit that put the brakes on the Gateway Development Project.

"When the city is breaking the law, the laws of the state of Indiana and I step in," Hutt said. "I don't see where that's obstructing anything."

Hutt sued the city in September. He claimed the redevelopment commission was selling the land way below market value.

"We can argue until we are blue in the face on the value of a property; the value of a property is going to be determined by the person that buys it and how much they think it's worth," said Jeffersonville Mayor Mike Moore.

Mayor Moore said it's not about how much the land sells for, but instead the long-term results. "We put out a plan, very realistic, with another developer who had submitted something, it was going to generate a million dollars per year, every year in new tax revenue."

The lawsuit has been settled and the city is back to square one, but the mayor says it is a prime location with a lot of traffic and potential. "I think, you know, we've got enough space down there where you are going to see probably six or seven national names and you're going to have fast food, you going to have sit down restaurants and you're going to have some nice hotels."

"He is always looking at the bigger, but the taxes won't be collected until after one year," Hutt countered.

The settlement means the property is now appraised at nearly $1.2 million, an amount Hutt said he can live with.

"By our agreement, the property is being offered at almost three times the amount of money now as to what they were going to sell it to white reach for," said Hutt.

The city has now issued what is called a request for proposals.

That will allow local and national developers to submit bids.

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