Tripled TIF Amendment for Parking Passes Full Council

With city's final approval, measure that could swell Innovation Campus' TIF District 6 from $10 million to $30 million or more goes to other taxing bodies for consideration.

After a relatively short debate, the Common Council on Tuesday night approved an amendment that allows for much greater spending through the taxing district created a little over two years ago to support UWM's Innovation Campus. The 14-1 vote paves the way for the city to offer the incentive of using tax-incremental financing dollars to assist developers with building parking structures or surface lots for project plan sites. This was the city's final vote, but the measure still has to pass muster with the Joint Review Board, which is composed of the several other taxing entities supported by the Tosa property tax: schools, the county, MATC and MMSD. The amendment includes projections that show that Wauwatosa's TIF District No. 6 could …

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Cassandra

1:52 pm on Thursday, February 21, 2013

Yes, Ald. Hanson should be thanked for watching out for Tosa taxpayers. Now, if we could just understand why Donegan spoke against, but still voted in favor of this idiocy.   more ›

TIF Change to Pay for Parking Barely Passes Budget Panel

It takes three close votes to push Innovation Campus TIF amendment on to the full Common Council, where the spending plan will be heard next week.

In its last stop before reaching the full Common Council, an amendment to allow public money to pay to build private parking on UWM's Innovation Campus just passed muster Tuesday with the city Budget and Finance Committee. Eventually, the Project Plan Amendment for Tax-Incremental Financing District No. 6 did pass, 5-2-1, with one opponent voting "present." But that was only after that same alderman, Brian Ewerdt, lost on his motion to table the item on a 4-4 tie, and another motion by Ald. Tim Hansen to radically "amend the amendment" fell short on a 3-5 vote. Hansen wanted to limit the consideration of parking subsidization in this amendment only to the ABB Group development proposal currently on the table, whereas the measure as brought…

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Developer Asks Tosa for $2M for Parking in ABB Building

First private developer on Innovation Campus wants TIF funds to pay for underground parking beneath building, and other developers to follow will likely follow suit.

The developer for the first private business project at UWM's Innovation Campus on the County Grounds is seeking $2 million in additional city assistance to place below-grade parking under the building. Zilber Ltd. and ABB Group, the company that will occupy the site, filed an application for tax incremental financing (TIF) assistance before meeting in a closed session Tuesday with administrators and elected officials to discuss the details of their proposal. City officials had signaled in a Common Council meeting a week before that Zilber was expected to ask for TIF assistance and that it would be to support structure parking — it just wasn't said how much. City Development Director Paulette Enders confirmed Thursday morning that Zilber …

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City, Developer Ready to Unveil Burleigh Triangle Financing Plan

In a public hearing set for Nov. 1, we'll hear long-awaited details of a tax-assisted plan for getting The Mayfair Collection off the ground.

Nordstrom Rack, Others Sign on to Mayfair Collection – But Deal Isn't Done

But developer says those agreements are binding only on the contingency of the city negotiating a tax financing agreement to help get the project under way.

The name most bandied about since spring 2011 as an anchor tenant for the planned redevelopment of the Burleigh Triangle has finally, formally signed on. Nordstrom Rack announced Wednesday it has signed a lease with presumed developer HSA Commercial Real Estate for a 36,000-square-foot store in The Mayfair Collection retail center, proposed for the Triangle. Timothy Blum of HSA confirmed that two other retailers, Dick's Sporting Goods and ULTA cosmetics, also have signed lease agreements, "with more to come." Those leases, though, indeed the development itself, are contingent on HSA receiving funding assistance from the city through the creation of a tax-incremental financing district, Blum said. The Mayfair Collection is a projected $45 …

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Meijer Chain Puts Wauwatosa Store in Its Plans

Michigan-based supercenter store would occupy former industrial site immediately south of the Burleigh Triangle.

A large, vacant property in Wauwatosa's northwest industrial corridor will get a makeover as a new supercenter store if a Michigan company has its way. Meijer Inc., which owns nearly 200 combination supermarket and discount merchandise stores in the upper Midwest, has applied for permitting to build on the former Stroh Die Casting property at 11123 W. Burleigh St., according to city planner Jennifer Ferguson. The store would occupy 157,000 square feet on the site, Ferguson said. Stroh Die Casting left Wauwatosa in 2009 and the property has been unoccupied since. It lies just south of the former Roundy's Inc. distribution center now commonly known as the Burleigh Triangle. The proposal is part of a major move by Meijer into the Milwaukee …

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