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Sioux Falls. Consequently, city leaders and a developer like Grant Park Capital are able to take a “smart growth” approach.
Rather than a phased development, Brian decided it would be more cost-efficient to put in all the road and utility infrastructure at one time, which also provides the benefit of allowing prospective homeowners to choose a lot anywhere in the development. Brian did the rough design of the development and then two engineering firms were hired for all the survey and detail work. Mike’s background put him in a position to do the time-consuming leg work with the city, including planning and zoning.
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Mike is proud that in less than two years’ time, Grant Park Capital turned 53 acres of pasture into 126 residential, single-family lots with water, sewer, gutter, streetlights and other elements of infrastructure. Many people are surprised to learn cities don’t pay for upfront infrastructure costs in a new development. Rather, it’s the developer’s risk and responsibility to secure the financing and pay for infrastructure design, engineering and construction.
A paved biking and walking path weaves through the landscape. “We have strategically placed the bike path to allow movement between the two developments, plus access to the park and school,” Mike said. The bike path is 10 feet wide with 10 feet of green space on either side. There’s space set aside for a park – plus designated space for city snow plow operators to push the snow from cul-de-sacs. “We dedicated the space because we know it will be helpful to the city and residents.” development, new service and retail businesses are already planning to come to town. Not only will these services and retailers benefit current residents as well as the new ones, but those businesses represent jobs, revenue, tax dollars and property taxes which will stay here. with the school on a landscape beautification project.
According to Brian, “What’s good for the town ends up being good for all of us. There are a lot of challenges in rural America and, if we can help, we want to do it.”
Mike said new homes in the development will also be a good recruiting tool for the teachers who join the growing Baltic School District. Furthermore, some people in Sioux Falls who already know and love small towns will find Baltic and its new development to be the right fit. For decades, Sioux Falls has been a job magnet in fields such as health care, finance, construction, retail and agriculture. Many of the people filling those positions enjoy living in Sioux Falls, but others yearn for their families to have the same small town experience they enjoyed growing up. FOR MORE INFORMATION
www.grantpark.capital Mike Wendland: 605-351-2210 mike@grantpark.capital Jenny Hefty: 605-351-4599 jenny@grantpark.capital
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Finally, having a local developer means money will stay in town to the benefit of the school district, city and other local organizations. Since its inception, Grant Park has fully or partially funded several city and school projects including adding a sidewalk/bike path for school students, re-grading a road for better and safer sightlines, securing the final piece of land the school needed for the addition of its new high school, and working together
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