A $150 million transformation of Wayzata's most important piece of real estate got initial approval from the City Council late Tuesday.
But the vote was close -- 3-2. And the project will come before the council again.
In giving the concept plan the OK and moving to the more detailed general plan, "The risk to the city is none," said Mayor Andrew Humphrey, who voted to approve the plan. "The risk is truly the developer's."
The Wayzata Bay Center is now a one-story strip mall that makes up two-thirds of the city's downtown retail space.
Under a plan developed by Presbyterian Homes and Services, it would become a pedestrian-friendly, high-end district featuring retail, senior and conventional housing, offices and maybe a hotel.
In supporting what he called "the most exciting project I've seen," Humphrey told the more than 130 people gathered in the Wayzata Community Church that "what we have right now is a mall. It is a sea of asphalt. We cannot forget that."
The council's approval came with conditions, including a non-binding clause that expresses concern over the project's height, which reaches five stories, and as much as 68 feet, in some spots.
Council members Mary Bader and Jack Amdal voted against the plans. Both had supported tabling the vote until the council can get more information -- including how the height could affect nearby homes and what financial risk the city might face if parts of the project failed.