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City staff introduces two TIF applications: Riverpointe condominiums and Copper Rocks redevelopment
Summary
Officials presented two new Tax Increment Financing applications: an 18-unit for-sale condominium project in the Riverpointe District and a large mixed-use redevelopment of the former Kmart site (Copper Rocks) at State Road and Losey Boulevard.
City staff and developers introduced two new Tax Increment Financing (TIF) applications to the Economic and Community Development Commission for preliminary review: Riverpointe District Condominiums and the Copper Rocks redevelopment of the former Kmart site at 2415 State Road.
Julie, a city staff member, told commissioners these presentations were introductory and that both applications will proceed through additional review by the Redevelopment Authority and the Planning Commission before any formal TIF or rezoning actions. Jason Gilman, representing the Redevelopment Authority, and developer Jake Buswell (Red Earth LLC) described the Riverpointe proposal as an 18-unit for-sale condominium project across two adjacent lots in the Riverpointe District. Gilman said the city had been "prescriptive about an owned product" in that area and Buswell confirmed the proposal is an approximately $10,000,000 project with main-level master bedrooms and two-story, 3-bedroom, 2-bath units of roughly 1,700 square feet.
Jeremy Novak of 360 Real Estate Solutions introduced the Copper Rocks application, a larger mixed-use redevelopment of the former Kmart property. Novak said the proposal aligns with La Crosse—s 2040 comprehensive plan and currently envisions about 247 market-rate rental units, roughly 20,000—25,000 square feet of commercial and community space, and both at-grade and limited underground parking. Novak said the project team removed most underground parking from earlier plans because of cost, increased density to make the financing work, and is targeting demolition and asbestos abatement in late second quarter or early third quarter of the year with phased occupancy beginning the following year and overall completion around 2028.
No formal action was taken on either application; staff said the purpose of the presentations was to inform commissioners and to flag that formal TIF and rezoning proposals will come back for review. Commissioners asked questions about unit mix, accessibility features (main-level master bedrooms), site access at the busy State Road/Losey intersection, and the impact of changing parking assumptions on project economics.
