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> City could see $400 million in investment in 2024
Southsider2k12
post Feb 20 2024, 03:58 PM
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https://www.nwitimes.com/news/local/more-th...136bae817f.html

QUOTE
Michigan City is poised to take off in 2024 with more than $400 million in private-sector investment flowing into the city.

Clarence Hulse, the executive director of Economic Development Corporation Michigan City, Indiana, said the city is coming off an "awesome" year filled with high-profile megaprojects likely to transform the downtown and community at large.

Developers are investing $100 million into the Franklin at 11th Street Station project that will build more housing around the new South Shore Line station after the Double Track project shortens commute times to Chicago. Other major projects include a $24.4 million renovation at The Blue Chip Casino, a $3 million relocation of Burn Em Brewing, a $6 million Bay Logistics warehouse, a $3 million investment at the former Federal Mogul windshield wiper plant and the $280 million SoLa project downtown.

SoLa, short for “South of the Lake," will feature two boutique hotels, a rooftop pool, upscale restaurants, bars, stores, luxury condos and townhomes.

The 14-story 628,000-square-foot building will feature state-of-the-art modern architecture, such as a deck with views of Michigan that's like a donut hole in the middle of the glassy, uber-chic facade.

"The really big one is the $280 million SoLa project next to city hall," Michigan City Redevelopment Commission member Don Babcock said. "It will have two Wyndham hotels and condominiums near Lake Michigan. The 11th Street project is going to bring a new apartment complex by the South Shore Station. The parking garage will be open there soon. Those are just the two big ones downtown. There are also smaller scale projects like Burn 'Em Brewing moving to East Route 12 by Blue Chip Casino."

Michigan City is benefiting from the Indiana Dunes being declared the 61st national park and will benefit from the state prison and NIPSCO generating station being shut down, Babcock said.

"The community is coming together behind all these projects," he said. "There's new investment fixing up properties and painting homes. There's a new administration coming in."

The Double Track project adding a second rail line to speed up the commute to Chicago will soon be finished.
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