Village approves major land merger boosting economic growth

In a recent government meeting, officials discussed a significant application for the merger of 25 parcels of land within area two of Tax Increment District (TID) five, located in Sturtevant, Wisconsin. The proposed merger encompasses nearly 800 acres, with the surrounding areas including Durand Avenue, Wisconsin Valley Way, and Braun Road. The plan includes a dedicated right-of-way cleanup, covering approximately 12.2 acres, to address historical land use issues.

The application aligns with the land use element of the multi-jurisdictional comprehensive plan for Racine County 2035, which designates the area for business development. However, it does not propose any public ownership of open space or parks. Notably, Braun Road is identified as a recommended corridor for enhanced bicycle facilities, which currently features a grade-separated multi-use pathway.

The applicant also seeks to amend the comprehensive plan to remove a segment of International Drive that bisects the property. The area is zoned C-12, and the application meets all requirements outlined in Chapter 74 regarding subdivisions.

A fiscal analysis presented during the meeting indicated a robust financial outlook for the development, with a guaranteed minimum value of $1.4 billion by 2028, based on a development agreement with the village. The estimated taxable value per acre stands at approximately $1.2 million, and the revenue-to-cost ratios are favorable, with a total ratio of five to one. This suggests that the development is expected to generate sufficient tax revenue to cover public liabilities within a single year.

Village staff recommended approval of the Certified Survey Map (CSM) application, highlighting its positive fiscal performance compared to other developments in the area. Questions regarding the ongoing fiscal analysis were raised, with officials noting that updates will be provided once the assessor's office completes its evaluations.

The meeting also touched on the implications of easement vacations and road changes associated with the new area, with assurances that the village will retain oversight of these modifications. The discussions reflect a proactive approach to urban development and infrastructure planning in the region.