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West Allis council approves $250,000 allocation to CDA for 1405 S. 90 Second St. acquisition; developer F Street proposes 100‑unit project
Summary
The City of West Allis Common Council voted 9‑0 to allocate up to $250,000 from the city’s operating reserve to the Community Development Authority to acquire 1405 South 90 Second Street and advance negotiations with developer F Street.
The City of West Allis Common Council voted 9‑0 to authorize an allocation of up to $250,000 to the Community Development Authority (CDA) to assist with acquisition of the property at 1405 South 90 Second Street, parcel ID 4500502000, clearing the way for further negotiations with a Milwaukee developer known as F Street.
City staff described the proposal as an early step in a potential project that could include either townhomes or a roughly 100‑unit multifamily building. Staff estimated total construction costs around $40,000,000 and an estimated taxable assessed value of about $28,800,000 if the project proceeds.
The CDA negotiated a…
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