Summary
Four developers submitted proposals for the 2400 Beloit project; staff will interview them and could bring a recommendation by the end of October.
At a glance
- Total mentions
- 3
- Last 30 days
- 2
Discussed at 2 meetings in the last 60 days; most recently Oct 26, 2026.
Impact analysis
Land and TID terms are still to be negotiated; Next Generation proposed $17,000 per acre and pay-go residential TID financing with no city bonding risk.
The community if the former GM/JATCO-area site is redeveloped productively.
Mentions & discussions (2)
City Council Meeting - Oct 26, 2026
The city is choosing a developer for 35 developable acres it owns on the south side, aiming for mixed-income, walkable housing under its 'housing for all' goal. Two local developers pitched; the council directed staff to negotiate with Next Generation.
City Council Meeting - Sep 28, 2026
Four developers submitted proposals for the 2400 Beloit project; staff will interview them and could bring a recommendation by the end of October.
Related development
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