Tuesday, May 25, 2010

Chesterton Indiana - Coffee Creek

The coffee creek saga (read the rest here - this is only a partial post from Northwest Indiana Politics)

In what has become the longest running slow motion car crash in Northwest Indiana developments, once again coffee creek in Chesterton is in the news. The Times reports that a bank is Illinois is owed $12 million by the developers and is suing for default.

I have some personal experience with this development, and a whole lot of dismay that a terrific idea has been so thoroughly destroyed by small minded and petty leaders. Some highlights, and feel free to add your own recollections:

  • Sand Creek was originally the private course for one of the steel mills, I think US Steel
  • Sand Creek was at some point developed for housing, and things went bad back in the 80's
  • Sand Creek was sold off to NIPSCO under a for profit non regulated unit called Lake Eerie Land Company. The realtors who were marketing the site were essentially pulled in house and Lake Eerie Land began purchasing more land adjacent.
  • In the mid-90's a movement which is alternately called neo-urbanism or new urbanism rose up, and Lake Eerie Land designed a substantial project adjacent to Sand Creek Country Club which would feature a downtown, lifestyle mall, hundreds of homes, and live work style community. Coffee Creek would eventually win numerous national awards for planning and design, but the market in NW Indiana wasn't quite ready.
  • Local home builders were always thought to be too small and too normal, so they were overlooked and under-utilized, the Coffee Creek marketers kept thinking that it was going to have to be a big builder or group from Chicago. One entire section of Coffee Creek was sold to the Carpenters Union as a fully developed neighborhood investment, for roughly 5 times its actual value and it was actually never fully developed.
  • Ultimately it became whispered knowledge that the realtors, now in house, for Coffee Creek paid some incentives to get the Carpenters Union to buy this bad investment, and some of these guys ultimately went to jail. Still the project sat with roughly a dozen homes on 1,000 acres. No retail, no lifestyle center, no neo-urbanism.
Continued on Northwest Indiana - Porter County Politics

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