Cabela's Still Hinges On Developers
Negotiations With State
WALKER — The developer of the proposed Orchard Park project, which is supposed to include a Cabela's store, is still negotiating with the Michigan Economic Development Corp. on the critical issue of tax increment financing.
"We're very hopeful the state comes through; we think they recognize the value of the project," said Zachary J. Bossenbroek last week. He is an attorney representing the developer, Walker Orchard Land Partners LLC, managed by James F. Bossenbroek.
Zachary Bossenbroek also said the development company is close to reaching an agreement with the state, possibly this week. He declined to discuss the matter further.
The land planned for development is a state-declared brownfield zone, contaminated with agricultural chemicals. As a brownfield, it may qualify for tax increment financing, in which some of the higher tax revenues collected in the future on the improved land will be used to issue bonds to cover development costs. The developer would then repay the state-issued bonds over 30 years.
The city of
A call last week to
Walker Mayor Rob VerHeulen said city employees are still working with the developer on plans for the development, as negotiations continue between the state of
VerHeulen said he would not necessarily agree that there has been a delay in getting an answer from the state in regard to the financing question, but he said he suspects state government officials have been "preoccupied" with other matters over the last couple of months.
On July 20, Michael Callahan, senior vice president of retail operations at Cabela's in the outdoor products store chain’s
Callahan was asked via voicemail on Oct. 12 if the still-unresolved "final approvals" will affect Cabela's plans to build a store in