Monday, April 8, 2013
Village development contingencies are turned around, with a recessed fourth story again under consideration but no application for tax-incremental financing.
Negotiations will continue toward finding a way to redevelop the city-owned former firehouse lot in the Village, but a new set of parameters emerged Monday after a closed session of the Community Development Authority. After earlier rejecting a four-story mixed-use development plan in favor of three stories to satisfy the concerns of neighbors, a fourth story is now back on the table as an option – but only if the upper story is set back so that it is less visible to neighbors. And after also indicating earlier that limited tax-incremental financing through the city was a possibility to help fill a gap in the project's finance plan, the authority now says no TIF funding should involved. With little to no appetite shown by the Common …
Tuesday, January 8, 2013
During a year when politics often took our attention away from the business going on right around us, retail development in Wauwatosa went from next-to-nowhere to no-end-in-sight growth.
2012 may be remembered as the year retail business development in Wauwatosa started out in the doghouse and came out king of the hill. One year ago, the economic development gurus of Tosa were dismayed with the scope, the type and the timetables of new and proposed retail projects on the table and on the horizon. There were much higher hopes for bigger and bolder visions, such as UWM's Innovation Park technology research and development center – which just bore its first fruit Tuesday night. But now, the retail joy is overflowing, it is our city's shining beacon again, and that is thanks mostly to one magic name: Nordstrom. A year ago, a mere Nordstrom Rack clearance store was a bauble that had been dangled in front of Wauwatosa shoppers …
Thursday, November 1, 2012
City's TIF District No. 7 would offer $7.2 million in assistance to The Mayfair Collection retail redevelopment project, but only on a "performance incentive" plan.
- Jim Price
Thursday, November 1, 2012
In meetings Thursday, the company proposing to redevelop the Burleigh Triangle presented its plan and formally asked for public tax financing assistance to proceed. HSA Inc. got approval for its plan from a key economic development board, but only after $1.5 million of its request was shaved off. HSA came in requesting $8.7 million in assistance through creation of a tax-incremental financing district, City Attorney Alan Kesner said, but the Community Development Authority approved up to $7.2 million. Kesner said that the development authority held that HSA's draft project plan supported only the reduced sum. The approval is not final; it goes next to the city's Budget and Finance Committee and must finally be approved by the full Common …