Developer Sees Generally Positive Response To Proposed 4-Story 78-Unit Apartment Building

Mike Works

     A full house crowd estimated at around 100 turned out last night at the Holiday Inn Express in Chadron to hear about a proposed 4-story, 78-unit apartment building proposed on 10th Street across from Wilson Park.

     REV Development owner Mike Works gave a brief overview of the proposal, then answered questions for about a half-hour.

He continued to meet with audience members for more than a half-hour afterwards.

      Works set up the meeting at the suggestion of Chadron city officials to let neighbors and the community know what the company wants to do before a zoning change hearing before the Chadron Planning Commission a week from Monday. 

        Works said before the meeting he liked being up-front about the project, then said afterwards he was very pleased with the meeting and the input he received.

Among the questions raised as potential concerns was increased traffic on 10th Street in general and at the intersection at 10th and Main, where Chadron State College traffic already backs up at certain times of day. 

      Works said the traffic issue is one his company has already been discussing with city and college officials as they all look for the best solutions. In fact, he wasn’t surprised by any of the questions.

While generally open about the apartment building plan, Works did not go into details about financing other than to say funding could be a combination of equity from REV, bank loans, and likely TIF- tax-increment financing – for infrastructure.

       Works, whose company built and runs the Holiday Inn Express in Chadron, plans to appear before the planning commission himself. 

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