GREEN BAY, WI (WTAQ) - A grocery store is getting closer to reality for downtown Green Bay.
New Leaf Market has been working for three years to find a site and start up a grocery store.
On Tuesday, the Redevelopment Authority approved a six-month planning option for a parcel of land at 901 Main Street near Whitney Park. The planning option locks up the city-owned site, so no other developer can come in.
New Leaf says it has a purchase agreement on an adjacent lot.
New Leaf Market would be community owned and operated through $180 memberships.
Over 680 people have already signed up to be part of the ownership group who would get a share of any profits down the road.
“When you have a community owned store people have an investment in keeping it here and making it healthy, making it a store that everyone wants to have,” said New Leaf Market President Lynn Walter.
Walter says they will present site plans in the coming weeks.
The project is estimated to be around $6 million, which involves a capital campaign that has just recently started.
New Leaf Market hopes to be up and running by next summer or fall.
The co-op food market could have some competition. During Mayor Jim Schmitt's State of the City Address, he mentioned an upcoming announcement involving a major grocery store chain coming to the downtown.