Between now and June, restoration work will continue on the site. The land is being sloped down to the lake, and seeding will take place before spring comes.
In the short term, the village wants to look at possible costs of maintenance and small additions, such as an access gate for a parking lot or a picnic table here and there, Rife said.
There was talk in 2016 of a long-term, $8 million park development project. Rife said it would take significant time and resources to plan.
Cosler said the future of the site and what the park consists of will come down to whether the village cooperates with the Cary Park District or McHenry County Conservation District.
“I am optimistic we [Cary] will be able to work in partnership with the Park District or Conservation District in a mutually beneficial agreement,” Cosler said. “If that arrangement can be agreed upon, the people of Cary will benefit.”
On the western edge of the site, along Route 31, is a strip of commercially zoned land. It still will be owned by Meyer, but the village wants to get it developed to add to its sales tax base.
McAlpine said she hasn’t made it a secret how important it is to get some sales tax coming in on the commercial parcel.
“We need to get something sustainable in there that’s going to deliver revenue to the village,” McAlpine said, adding that there should be a car dealership or some sort of economic anchor there to diversify the village’s tax base.
Meyer regional manager Randi Wille did not respond to a request seeking comment.