H 61° L 46°
Cloudy | 8MPH

CDA shows no interest in creating another TIF

Green Bay Road retail market seen as strong

June 26, 2008

Development along Green Bay Road will have to continue without the creation of a tax-incremental financing district.

The Brown Deer Community Development Authority on June 18 voted against creating a TIF at the request of Weas Development.

Weas Development several years ago purchased the former Hearthside Rehabilitation site on the northwest corner of Green Bay Road and Schroeder Drive, and asked if the village would consider creating a TIF district to help redevelop the land. The Hearthside center and an adjacent house were torn down last year.

Earlier in the month the developer presented a conceptual plan to the Plan Commission for a hotel, retail building and convenience store/gas station/car wash. The commission rejected the concept, citing its density, lack of green space and location of the convenience store in its discussion.

Village Manager Russell Van Gompel said he had some hesitation about the creation of an additional TIF district. The village has three open TIFs, one on Bradley Road, one on Brown Deer Road and a third that encompasses the Original Village.

“I see the Green Bay Road corridor as something different,” Van Gompel said. “All indications are the retail market on Green Bay is very strong and not depressed at all.”

TIF, is a mechanism that allows municipalities to borrow money to fund infrastructure improvements for an area that otherwise would be difficult to develop or redevelop. The increased property tax revenue from the improved land is then diverted from the tax roll to pay off the loan.

Van Gompel noted that Culver’s restaurant, the Holiday Inn Express and Candlewood Suites, which are directly across the street from the Weas-owned site, developed without the type of public assistance.

CDA member Scott Fleming said he was concerned about the impact of taking another part of the village off the tax rolls.

Trustee Tim Schilz pointed out that ongoing development in the area could eventually benefit the Weas property.

“There should be a positive impact on that corner from the Wheaton and YMCA development,” Schilz said.

Wheaton Franciscan Healthcare is building a medical office building that will be attached to the Rite Hite YMCA. The YMCA also is being renovated.

Mary Buckley can be reached at (262) 446-6615.

This site uses Facebook comments to make it easier for you to contribute. If you see a comment you would like to flag for spam or abuse, click the "x" in the upper right of it. By posting, you agree to our Terms of Use.

Suburban News Roundup

E-mail Newsletter

Your link to the biggest stories in the suburbs delivered Thursday mornings.

Enter your e-mail address above and click "Sign Up Now!" to begin receiving your e-mail newsletter
Get the Newsletter!

Login or Register to manage all your newsletter preferences.

Community Watch

» After 20 years, North Shore Fire Department celebrates efficiencies of consolidation 03:48 PM

» Services scheduled for Homestead High graduate killed in Afghanistan Updated:  01:39 PM

» Man charged with raping 15-year-old boy at gunpoint in Brown Deer 11:38 AM

» Homestead football ties for North Shore lead with win over Whitefish Bay 10/9

» Updated week eight rankings of area prep football teams and players 10/9

» Three North Shore cross country teams win major invitationals 10/9

» Flooded with Questions: North Shore suburbs five years after 2010 floods 10/8

» Shorewood/Messmer football team dominates Brown Deer upfront, 49-0 10/7

» Nicolet girls volleyball team rallies to win own Gigl tourney 10/7

» Homestead alum remembered after tragic plane crash 10/7

» Keeping an even strain: Nicolet girls win NSC tennis title 10/7

» Crave Bar & Food opens in Mequon 10/7

» Whitefish Bay football team controls its own NSC destiny this Friday 10/7

» SPORTS SHORTS: Oct. 8 10/7

» North Shore fire service consolidation saved millions, report says 10/6

» Brown Deer will build new public works building 10/5

» Milwaukee suburbs trick-or-treat times 2015 10/5

» Animated characters help patients discuss ailments, levels of pain 10/3

» Homestead High graduate killed in Afghanistan plane crash Updated:  10/2

» Badger Meter River Park opens in Brown Deer 10/2

» Glendale's 27th Street renamed to Sidney Place after homeowners' request Updated:  10/2

» Initial Reaction Podcast: Is Aaron Rodgers really the best QB in football? 10/1

» Kirkendoll saves day with pick as Whitefish Bay takes NSC grid lead 10/1

» Nicolet boys volleyball team holds off Homestead in NSC thriller 9/30

» Energized Shorewood swimmers just miss in Woodland meet 9/30

View All Posts Got a tip? Welcome rss



Local Business Directory