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Article: City sets sights on Tower site Redevelopment into industrial park planned for area's 84 acres
- Article from:
- The Milwaukee Journal Sentinel (Milwaukee, WI)
- Article date:
- July 9, 2009
- Author:
CopyrightCopyright 2009 The Milwaukee Journal Sentinel. Provided by ProQuest LLC. (Hide copyright information)
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The City of Milwaukee has negotiated an agreement to buy 84 acres
of the former Tower Automotive Inc. site and plans to redevelop it
into a business park, creating a north side counterpart to the
city's Menomonee Valley Industrial Center.
The proposed $3.5 million purchase offer will be considered at
Tuesday's meeting of the Redevelopment Authority, Mayor Tom Barrett
announced Wednesday. Those funds already have been budgeted.
The authority and Common Council also will consider a proposed
$15 million tax incremental financing district to help pay for the
property's environmental cleanup and other redevelopment expenses.
The city would borrow that money, which would be repaid through
property ...