Several redevelopment efforts failed, but with the involvement of Beloit billionaire Ken Hendricks beginning in 2004, a new plan to make it a mixed-use development with public services and other facilities has raised local hopes for the site.
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Finally, in 2004, Beloit billionaire Ken Hendricks purchased the entire property, with the idea of converting it into a giant municipal center for the city of Beloit.
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Quest Real Estate Partners (headed by local businessman Ken Hendricks) buys Dorchester Corporation of Canada’s share of Beloit Mall.
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