HOLLAND, Mich. (WZZM) -- A portion of Holland's waterfront may soon support a new development. On Wednesday, the city council could decide to lease the city-owned property next to Boatwerks restaurant on Van Raalte Avenue. Some businesses are already showing interest in the property.

Visitors to Boatwerks restaurant get a bird's eye view of the water and also the coal power plant. However, with the plant eventually shutting down, there are new opportunities for the waterfront.

"Any kind of development in this part of the world, we welcome with open arms," says Chris Hart, General Manager of Boatwerks.

The city is now considering leasing the nearby property it has owned since 1995.

"It would make the property open for development, the city would continue to own the property," says Phil Meyer, Director of Holland Community and Neighborhood Services. "It could be commercial, could be retail, could be for a hotel use."

Boatwerks was already remodeling when the announcement came, now the restaurant is also considering expanding, right next door.

"To us, it's very much of an interest, what would go there, or for us ourselves to develop something there," says Hart.

If the leasing plan is approved by the city council, companies interested in the property would submit a proposal.

"We'll compare the proposals, what it will mean as far as tax benefits for the city, how a building will be placed on the property, and how it relates to the neighborhood," says Meyer.

"It's a value to anybody, certainly I'm interested because I'm going to be the neighbor one way or the other," says Hart.

The city council is expected to vote on Wednesday to move forward with leasing and accepting development proposals. If the plan is approved, city leaders would likely make a final decision about development in April.