County Executive Chris Abele
Press Release

Milwaukee County Executive Chris Abele Announces Next Major Economic Development in Park East

New Proposal Will Create Jobs, Expand Property Tax Base

By - Dec 30th, 2015 12:00 pm
Preliminary rendering. Design by Eppstein Uhen Architects.

Preliminary rendering. Design by Eppstein Uhen Architects.

MILWAUKEEMilwaukee County Executive Chris Abele today announced the next major economic development in the Park East, recommending acceptance of a development proposal from Wangard Partners for Park East Block 22 that will be valued at $47 million and is expected to create hundreds of new jobs and generate more than $1.4 million in property tax revenue per year.

Wangard’s proposal includes a $2.4 million purchase price, makes a commitment to 30 percent Disadvantaged Business Enterprise (DBE) participation, and will enhance existing workforce development initiatives in Milwaukee County by hiring apprentices for the more than 200 construction jobs the project will support. The planned project will be a sustainable mixed use development with needed residential units, street-front retail, and concealed public parking and bicycle parking.

In addition to expanding the tax base and creating hundreds of family-supporting jobs, to include more than 100 permanent, end-use jobs, the proposal from Wangard Partners will be designed to Energy Star standards, use locally sourced materials throughout, and incorporate green design elements like water-efficient landscaping. Wangard has also proposed working with the City of Milwaukee and Milwaukee County to determine whether community car and/or electric vehicle charging stations and other sustainable transportation systems like the Bublr Bike will be incorporated.

“Right now there’s no better place for investors like Wangard Partners to launch major projects than Milwaukee, and that’s why the County’s Office of Economic Development has aggressively pursued opportunities to attract developments that will continue and expand the unprecedented jobs and construction boom we’re experiencing,” Milwaukee County Executive Chris Abele said. “As I said a few months ago, the new arena is only the beginning of long-term economic development at the Park East and throughout Milwaukee County.”

“Wangard Partners is thrilled to be a part of Milwaukee’s ongoing renaissance,” Stu Wangard, CEO of Wangard Partners said. “We believe that our proposed project in the Park East will enhance the developing neighborhood and attract even more economic development, helping the entire downtown area thrive. We appreciate the aggressive and innovative approach that County Executive Chris Abele and his team have taken when it comes to economic development, and look forward to partnering with them on this project as it develops.”

Mentioned in This Press Release

Organizations:
Neighborhoods:

Recent Press Releases by County Executive Chris Abele - Page 2

County Executive Chris Abele Calls for Comprehensive Pension Reform

Asks County Board to Partner With Him to Protect Earned Benefits

Milwaukee County Declares Snow Emergency On Monday, March 13th, Effective at 1:00PM, CST

Pursuant to this declaration, all non-essential departments will be closed for the safety of our employees and the public.

Survey Says: Milwaukee County Residents Support Our Vision for Parks

Community input from the 2016 household survey will support the County’s resident‐driven planning effort.

County Executive Abele Announces Launch of Additional Public Hearings, Online Feedback for BHD

Goal is to increase public involvement and diversity of ideas to shape BHD budget

Milwaukee County’s Approach to Mental Health Reform is a National Success Story

In a series of interviews spanning several months, Buzzfeed documented the work of Milwaukee County Behavioral Health Division clinicians Tai Hooper and Hendriel Anderson.

10 Milwaukee County Accomplishments You Should Know About

Here is a run-down of the top 10 accomplishments we want you to know about from 2016.

Milwaukee County Executive Chris Abele Statement on Project Labor Agreements

..."I’m concerned that this legislation as crafted could hinder the successful training programs that the building and construction trades are providing the labor force in our region."

Milwaukee County Executive Chris Abele Announces Prevention Effort Against Substance Abuse

The campaign is in its second year in Milwaukee County and is part of National Drug and Alcohol Fact Week .

Milwaukee County Executive Chris Abele Convenes Community Leaders on Office on African American Affairs

Ralph Hollmon to Spearhead Group’s Discussions on OAAA Hiring and Community Engagement

Milwaukee County Executive Chris Abele Joins Brown County Executive Troy Streckenbach in Betting on a Packers Victory

Abele is joining the bet and sweetening the deal by adding in a case of Schlitz, the beer that made Milwaukee famous, and sausages from Usingers.

Milwaukee County Executive Chris Abele Welcomes Legislature to 2017-2018 Session

“Congratulations and welcome to the members of the 2017-2018 legislative session.”

Leave a Reply

Your email address will not be published. Required fields are marked *