The recent Joint Review Board meeting in Oshkosh highlighted significant developments in the city’s infrastructure and economic growth, particularly surrounding Tax Incremental Financing (TIF) District 35. This district was established to support the construction of Westfield and improvements to local roadways, including Keller Avenue and the Oshkosh Avenue roundabout.
City officials reported promising progress in the area, noting that new developments are underway. The construction of a new office building and a commercial space is already in progress, with expectations for a hotel project to commence later this year. The developer has indicated that plans for the hotel have been reviewed and are moving forward, which could further enhance the local economy and attract visitors to the area.
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Subscribe for Free The meeting also addressed the financial aspects of TIF 35, with officials clarifying that while projections for tax increment growth are not made, the current value of Oshkosh Corporation is expected to exceed the minimum contractual requirement of $18 million, potentially reaching over $20 million. This positive outlook is crucial for the city’s financial planning and future development initiatives.
Additionally, discussions included the ongoing construction of a Dunkin' Donuts near Casey's, which is part of the broader development strategy for the district. However, officials dispelled rumors regarding the installation of a roundabout at the Oshkosh Avenue Bridge, emphasizing that such a project was never proposed.
As these developments unfold, they promise to bring new opportunities and improvements to the Oshkosh community, aligning with the city’s goals for growth and enhanced infrastructure. The Joint Review Board's focus on TIF District 35 reflects a commitment to fostering economic vitality and addressing community needs through strategic planning and investment.