Council approves rezoning and creation of Tax Incremental District No. 99
Move paves way for new industrial facility
Today the Common Council approved legislation rezoning a 28-acre site and creating new Tax Incremental District No. 99, paving the way for a new industrial site on the city’s Northwest Side.
File #190404, sponsored by Alderwoman Nikiya Dodd, authorizes the rezoning of an underutilized site within the 5th Aldermanic District (Joy Farm) for the creation of a 325,000 square-foot building to be the location for Western Building Products’208-employee industrial location. The legislation also creates a developer-financed tax-incremental financing district (TID #99) which will generate $2.54 million in financing for the development.
Alderwoman Dodd stated, “I would like to thank all of my Council colleagues for their support of this legislation along with Western Building Products for choosing the City of Milwaukee for their new headquarters location.”
“The move will benefit the City of Milwaukee for many years in a variety of ways, from the jobs created to the future property tax revenue provided to the city,” Alderwoman Dodd said. –