New East Side Pedestrian Plaza Planned
Tax revenue from new apartment buildings would pay for Ivanhoe Pl. plaza and area safety improvements
Increased tax revenue from three new East Side apartment buildings would pay for pedestrian safety improvements at one of the city’s busiest and most dangerous intersections and the creation of a pedestrian plaza at E. Ivanhoe Pl.
Using a tax incremental financing district, up to $3.8 million would be provided to install streetscaping improvements along E. North Ave. and construct a pedestrian plaza. The effort would be focused on the intersection of N. Farwell Ave. and E. North Ave., one of the city’s 10 most-dangerous intersections according to a 2019 pedestrian plan and the busiest pedestrian intersection studied by the city.
The Kubala Washatko Architects and engineering firm GRAEF are working on the project design, which includes pedestrian and bicycle improvements along E. North Ave. from N. Humboldt Ave. in Riverwest to N. Lake Dr. In addition, N. Farwell Ave. and N. Prospect Ave. would see infrastructure changes near E. North Ave.
The pedestrian plaza would only cover half of E. Ivanhoe Pl. between N. Prospect Ave. and N. Farwell Ave. The eastern portion would be converted to a two-way street, allowing continued motor vehicle access to the Educators Credit Union drive-through window.
The city would use increased property tax revenue from three proposed apartment buildings to fund the proposal, which has the backing of the East Side Business Improvement District.
“We, as a BID, believe that the initial streetscape improvements on North Avenue can serve as a catalyst for additional improvements all along the avenue,” said BID director David Smulyan in a statement issued on Nov. 3.
“When people think of the North Avenue corridor they don’t necessarily think of all the development opportunities,” said Department of City Development (DCD) economic development specialist Dan Casanova to the board.
But three proposals are all moving forward, albeit at different speeds.
Ryan Pattee and Shar Borg have started demolition on three buildings at 1504 E. North Ave. to create a 0.86-acre development site for a car-lite, 56-unit apartment building. Kendall Breunig of Sunset Investors is moving to redevelop a former dairy plant, 1617-1633 E. North Ave. to 17 apartments. Developer Tim Olson recently demolished the old Judge’s Irish Pub building at 1431 E. North Ave., and could develop an apartment building on the 0.49-acre site.
The developers will not see a direct benefit from the creation of the TIF district, with the city instead using the structure to temporarily sequester the increased property tax revenue to pay for public improvements. The existing tax revenue from the site will continue to flow to the property taxing entities.
The city would use a provision in state law that allows for TIF districts to pay for public improvements within a half mile of their boundaries.
The city is breaking up the infrastructure allocation into phases because of uncertainty with the three projects. The Pattee-Borg project is under construction and the Sunset Investors project is moving towards a groundbreaking, but the redevelopment of the Judge’s site is far more conceptual and no plans have been formally introduced. For the purposes of planning the TIF district, the city assumed Olson would develop a 35-unit apartment building by 2027.
As his first act in office, Mayor Cavalier Johnson declared reckless driving a public safety crisis. As one of many responses, DCD, the Department of Public Works and other city departments have expanded the use of TIF districts to pay for streetscaping projects designed to improve pedestrian safety by narrowing or redesigning roadways. Common infrastructure changes include adding curb extensions that shorten pedestrian crossing distances and block vehicle passing in the parking lane.
The final design of the East Side pedestrian improvements is not yet complete. The full Common Council must still approve the TIF district’s creation.
The TIF district is planned to pay off all of its costs by 2042.