Eyes on Milwaukee
Complicated Fiserv Subsidy Earns First Approval
Complicated deal includes $7 million for financial company, $4.6 million for neighborhood improvements.
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Complicated deal includes $7 million for financial company, $4.6 million for neighborhood improvements. Back to the full article.
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Jeramey, when you say the front door is expected to face the street, are you meaning Michigan Street? I was under the impression it would be facing Vel Phillips.
Thank you Mr. Jannene for the detailed explanation of this multilayered financial agreement. You took something hard to understand and made it understandable. You are certainly a wordsmith.
Since the Redevelopment Authority meeting , we have learned publicly that the Fiserv Corporation made $1.7 Billion in the first 3 quarters of 2022, and the V.P. indicated to The Business Journal that no other location made sense for their headquarters, based on the investments made in Milwaukee and their employees here.
No one in Milwaukee would say anything unwelcoming to a great company entering our City. Please , let it be known that this foregone tax revenue$ that the City gave up ” in negotiation” is entirely understandable.
Please, let it also be known that as this company secures a pittance from our City, these foregone tax revenues could have gone to filling the empty ” splash pads” in neighborhood parks for our babies, or opening the closed pools, or restoring a bus route to enable a citizen to a job, or filling a pothole that causes one to lose their transportation. This is Milwaukee outside of Downtown.
This company, and many others, give generously to worthy causes. I fail to understand how the most privileged in our society can ask a City in distress to give them money.
Together, we could create a City where children can play, and Downtown workers can thrive.
Sincerely,
Marty Wall