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Council approves acquisition of 201 N. First Ave. for TID-led redevelopment; vote 6–4
Summary
The Common Council approved a purchase of 201 North First Avenue using TID resources for remediation and redevelopment, with discussion about purchase cost (~$900,000), estimated remediation (~$250,000), potential grant funding and whether the city should hold more vacant parcels.
The Wausau Common Council voted 6–4 on Sept. 23 to authorize purchase of property at 201 North First Avenue for redevelopment, funding the acquisition primarily through the tax-increment district (TID) cash flow and possible borrowing in 2026.
Alder Lukens, who moved the resolution, and Alder Rasmussen, who seconded, said the parcel has been blighted for decades and that redeveloping it could extend the River Life trail and create…
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