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

» Milwaukee man fatally injured in Brown Deer crash 05:54 PM

» Wrong-way driver dies in hospital after three-car accident 03:25 PM

» 2 dead, 1 in critical condition after car crash in Brown Deer 01:30 PM

» What residents in Southeast Wisconsin need to know to prevent the spread of Zika virus Updated:  2/11

» Shorewood girls basketball team closing in on third straight Woodland title 2/10

» Homestead's Millard to be inducted into WBCA Hall 2/10

» Whitefish Bay boys basketball team stays in NSC race with rally past Nicolet 2/10

» Shorewood boys swimming team uses depth to win fourth league title 2/10

» SPORTS SHORTS: Feb. 11 2/10

» Mequon council votes down subdivision proposal at Oldenburg Farm 2/10

» Germantown boys basketball team overpowers Whitefish Bay, 101-74 2/9

» Apartment building, assisted living center approved in Mequon 2/9

» Shorewood approves beekeeping ordinance 2/9

» St. Monica Parish hosts first "wine and art" winter social 2/8

» Updated rankings of area prep boys and girls basketball teams and players 2/8

» Whitefish Bay orchestra presents Music for Munchkins children's concert 2/8

» Cedarburg girls basketball team beats Homestead, ties for NSC lead 2/6

» Whitefish Bay boys basketball team rallies past Nicolet, 79-74 2/5

» Meet and greet the Mequon-Thiensville School Board candidates Feb. 10 2/5

» Video: DOT proposes 'Michigan left' intersection at Brown Deer, Green Bay roads Updated:  2/5

» Young Brown Deer boys fearless in face of intense schedule 2/3

» Mistaken gun reports caused hourlong I-43 shutdown 2/3

» Area swim teams perform well at State Small Schools 2/3

» Master Greg Chay talks discipline, respect at new Mequon Chay's Tae Kwon Do location 2/3

» Glendale hotel could be flipped into apartment complex 2/3

View All Posts Got a tip? Welcome rss

Advertisement

Advertisement

Election center 2016

Election overage from from the MyCommunityNow coverage area covering suburban Milwaukee County and the eastern half of Waukesha County.

Suburban Milwaukee election center 2016

Local Business Directory

CONNECT    

Advertisement

Most Popular