It’s a historic day for Sioux Falls.
After almost two decades of work and millions of dollars in federal money, the city announced its first agreement for the railyard redevelopment project.
Black Iron Railyard LLC is planning mixed-use buildings that could include housing, office space, shops and restaurants.
“There will be plaza space as part of the development for outdoor events and indoor events,” City Planner Mike Cooper said.
Cooper has worked on this project for years. He says this $80 million proposal stood out from the other five the city received.
“We’ve talked over the years about what the public would like to see more of downtown. Those are the kinds of things we kept hearing about,” Cooper said.
David Billion and his wife Erika are partners with Black Iron Railyard LLC. Erika owns several nearby properties, including the popular 8th and Railroad Center.
“Over 14 years ago she took a warehouse that was about 60 percent occupied and continued to develop it. There was a rubble of rocks known as the The Frank building that a number of years ago she took a big risk and made something beautiful out of that, as well as The Crane Centre,” David said.
After this agreement, there’s still six acres left to be developed north of 8th Street.
“We’ll continue to monitor that and see what level of interest there might be going forward for the rest of those parcels,” Cooper said.
If the project remains on track, the first phase will begin in around a year and be done in December of 2020.
The project still needs city council approval. Council members will talk about it Tuesday at their meeting and could vote on it in August.