Yankeetown leery of proposed development

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Special to the Citizen

Residents were not impressed by the latest development proposal from the Izaak Walton Investors.
Bitterness over court battles from the Investors’ last attempt to develop in Yankeetown was obvious at Monday’s council workshop.
Nonetheless, representatives gave an upbeat presentation on a new development concept for two riverfront sites owned by the Investor’s.
Attorney Joe Gaynor from Clearwater explained the ownership of the property has been restructured and with three of the former investors stepping in to take over when the property went into foreclosure.
Gaynor said they are not developers, but investors and once the project is entitled – has necessary planning and zoning — they will seek a developer. He said it would probably be built in phases, using a model home to see what the market dictates.

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