MT. VERNON — The city approved $18 million in development on Monday.
Subdivisions of property owned by Martin & Bayley for the Hucks expansion on the corner of 10th and Veterans, a development agreement for a new Holiday Inn Express hotel and redevelopment of Holiday Inn to a DoubleTree by Hiliton amount to $18 million.
Construction is expected to begin soon on the building of a new Hucks Convenience Store behind the existing building on 10th and Veterans. New gas and diesel lanes and canopies will be included. Monday, the company received the approval to subdivide the property which will allow for additional development at the site.
“The new store will be 4,050 square foot, and we will have the out-lots,” said Jim Whetstone of Martin & Bayley. “We have about one-and-a-half acres in excess property that we may be selling off, which face 10th Street.”
Whetstone said the existing store is about 10 years old and smaller than the company’s other structures.
“There is a need for the diesel islands, but we don’t want a truck stop,” Whetstone said. “The development of the site has been expensive, since we had some storm water and retention work done. ... The total price will be $2.5 million by the time everything is done.”
Whetstone also updated the council on the Hucks Truck Stop on Illinois Route 15.
“We have signed a franchise agreement for a restaurant at the truck stop,” Whetstone said. ‘Huddle House will be taking about two-thirds of the space, leaving one-third for another franchise.”
The council also approved an agreement with Keith Baldwin and Baldwin Enterprises for the redevelopment of the Holiday Inn to a DoubleTree by Hilton and the building of a new Holiday Inn Express north of the existing facility.
Under terms of the agreement approved by the council, Baldwin Enterprises will receive a up to $1.3 million in reimbursements of hotel taxes generated by the Holiday Inn Express once it is completed. No Hotel taxes will be going to the redevelopment of the existing building, City Manager Ron Neibert said. In addition, the city will not re-imburse Baldwin Enterprises if the DoubleTree project is not completed.