Park Towne News & Notes
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Development News for the Weeks of: 2/24/2018 - 3/16/2018      

CLOSING TIF DISTRICTS WILL GENERATE $15 MILLION FOR AFFORDABLE HOUSING

The $15 million, coming in 2018, will let the city to continue to channel $4.5 million annually to its Affordable Housing Fund for several years, but without more  borrowing.
- Wisconsin State Journal

MADISON OFFICIALS SAY CLOSING TIF DISTRICTS WILL CREATE $15 MILLION FOR AFFORDABLE HOUSING

Mayor Paul Soglin and alders introduced resolutions Tuesday to close three Tax Incremental Finance (TIF) districts.
-The Cap Times

STATE DELIVERS $25.8 MILLION MORE FOR MADISON AFFORDABLE HOUSING PROJECTS

WHEDA deputy executive director Brian Schimming announced the statewide recipients of more than $134 million in tax credits at a press conference Tuesday morning.
- Wisconsin State Journal  

SUPREME COURT HEARS ORAL ARGUMENTS ON LAWSUIT CHALLENGING TIF DISTRICTS

The Wisconsin Supreme Court expressed skepticism about a lawsuit challenging Eau Claire's downtown TIF districts.
- Wisconsin State Journal 

COMPROMISE ON HOW TO TAX LARGE RETAILERS FALLS APART IN WEE HOURS OF ASSEMBLY FINALE

A last-ditch bid in the state Assembly to address efforts by large retailers to lower their property-tax assessments, which critics say shifts tax costs to homeowners, has collapsed, Assembly Speaker Robin Vos said early Friday.
-Wisconsin State Journal 

VERONA ROAD CONSTRUCTION BEGINS AGAIN, ENTIRE PROJECT SHOULD BE DONE IN 2020

The rebuilding of Verona Road, one of the biggest road construction projects in Madison's history, is heading into its final years.
-Wisconsin State Journal

DANE COUNTY PANEL ADVANCES ORIGINAL PLAN FOR LOW-INCOME EASTS WASH HOUSING PROJECT

An amendment to designate units for homeless families was withdrawn over concerns it might delay the project.
-Wisconsin State Journal

EXPLAINER; WHY IS MADISON'S LAND USE MAP CHANGING?

Between now and 2040, Madison officials estimate 70,000 new residents will move to the city and 40,000 new housing units are needed to accommodate them.
 
City officials have learned that five out of six affordable development projects received crucial, competitive federal tax credits, including three projects that didn't make the cut in last year's funding cycle.
-The Cap Times 

Around the State and Points Elsewhere  

MENOMONEE FALLS SHOULD CHANGE FINANCING FOR UPSCALE APARTMENT PROJECT, ALDERMAN SAYS

An upscale Menomonee Falls apartment development, slated to receive nearly $4 million in public financing, has missed a deadline for completing construction.
-Milwaukee Journal Sentinel

WALKER'S POINT APARTMENTS, NEAR WEST SIDE HOTEL CONVERSION GET MILWAUKEE PLAN COMMISSION OK

A new Walker's Point apartment development and the conversion of a near west side school into a hotel both received Milwaukee Plan Commission approval Monday.
-Milwaukee Journal Sentinel

DEVELOPERS PROPOSE SPECULATIVE INDUSTRIAL BUILDINGS TO SERVE FOXCONN SUPPLIERS

Several large industrial buildings would be developed within roughly 12 miles of Foxconn Technology Group's planned manufacturing complex, with $20 million in local financing help, under a new proposal. 
-Milwaukee Journal Sentinel 

SENIOR APARTMENT DEVELOPMENTS WOULD BRING NEARLY 240 UNITS TO OCONOMOWOC

Two separate senior housing developments would together bring nearly 240 units to Oconomowoc, according to the new proposals. 
-Milwaukee Journal Sentinel

ST. FRANCIS LAKEFRONT APARTMENT PLAN RECEIVES FINAL DESIGN, FINANCING ASSISTANCE APPROVALS

A plan to build 200 high-end apartments overlooking Lake Michigan in St. Francis has received final city design and financing assistance approvals. 
-Milwaukee Journal Sentinel

PORT WASHINGTON LAKEFRONT HOUSING PROJECT, BUILT AROUND VINEYARD AND WINERY, AGAIN DELAYED

An upscale lakefront housing development, to be built around a proposed vineyard and winery, has again run into delays in Port Washington.
-Milwaukee Journal Sentinel


PLAN TO REDEVELOP DOWNTOWN MILWAUKEE HISTORIC CHURCH WINS PRESERVATION COMMISSION APPROVAL

A plan to redevelop a downtown Milwaukee historic church, which includes demolishing most of its parish hall addition, has won support from the city Historic Preservation Commission.
-Milwaukee Journal Sentinel

ALD. ROBERT BAUMAN SEEKS DESIGN APPROVAL TIED TO SALE OF WEST SIDE DEVELOPMENT SITE

Designs for a possible office development on Milwaukee's near west side would have to be approved by city officials in connection with the sale of a project site, under a new proposal.
-Milwaukee Journal Sentinel

FORMER G. DADDY'S BBC, HOTEL FOSTER ON MILWAUKEE'S EAST SIDE TO BE REDEVELOPED BY NEW OWNER

A well-known former tavern on Milwaukee's east side, G. Daddy's BBC, will be redeveloped into store, restaurant and office space by its new owner.
-Milwaukee Journal Sentinel

SOUTHRIDGE SEARS CONVERSION TO DICK'S, OTHER BUSINESSES SEEKS $2.2 MILLION FROM GREENDALE

Greendale would provide $2.2 million to help redevelop Southridge Mall's former Sears department store into space for Dick's Sporting Goods and other businesses, under a new proposal.
-Milwaukee Journal Sentinel