Devon Chairman and Chief Executive Larry Nichols said his company will only request a fraction of the TIF dollars generated by the project for creation of a 2.5-acre park that will front Sheridan Avenue, across from the Myriad Gardens.
The area will consist of a lawn, shade trees and fountains. The design by James Burnett and Murase Associates calls for a "living pool teeming with aquatic life.” A public green will accommodate between 1,500 and 2,000 people during special events. At the western edge of the park, a pavilion will rise up from what is called "a skin of water” and will provide a shaded space for festivities and picnic lunches.
Nichols hopes a significant amount of the TIF dollars generated by the project will pay for an overhaul of the Myriad Gardens, which already has seen an upgrade of its water stage funded by Devon. Nichols said his landscape architects also will be charged with assisting the city and the Myriad Gardens Foundation on possible improvements.
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