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Article: Study discourages city funds; Park East developments could hurt other projects, it says
- Article from:
- The Milwaukee Journal Sentinel (Milwaukee, WI)
- Article date:
- June 7, 2007
- Author:
CopyrightCopyright 2007 The Milwaukee Journal Sentinel. Provided by ProQuest LLC. (Hide copyright information)
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Don't expect those big empty lots in Milwaukee's Park East area
to be filled in with buildings for several years. And don't think
that city financial assistance should be piled on to speed up that
process.
Those were main messages from a new study on downtown
development, released Wednesday by Mayor Tom Barrett's
administration.
Barrett's Department of City Development commissioned the study
because of several pending developments, including hotel projects,
seeking city financing. Barrett said the study will help officials,
including aldermen, decide which developments should receive city
grants, which are typically repaid through the new developments'
property taxes.
Barrett and some Common ...