The Star reported the DeForest Village Board approved $11 million in tax increment financing for Cascade Development’s next phase of DeForest Yards plans.
The development includes an indoor sports complex and Marriott hotel along Hwy. 19.
A multifamily development with more than 350 units is in the works for the next phase.
DeForest’s Comprehensive Plan calls for development along the village south gateway, and the project aligns with this goal.
Jim Simpson, a trustee on the board, said its experience with Cascade’s projects in the DeForest Yards area have been positive, the Star reported.
“That’s what goes into some of my decision (to vote in favor of the project),” he said. “I feel like this can really pull in some more businesses there and probably adds quite a bit to selling the residential lots that are available.”
