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Council approves creation of Tax Increment District 18 to support mixed industrial and NextGen housing development
Summary
After presentations from municipal advisors, EDWC and Washington County, the council approved resolution creating TID No.18 to fund roads, a roundabout, a lift station and developer incentives; the plan includes NextGen Housing funds and a pay-go structure, and the council voted 7-1 to adopt the TIF resolution.
The City of West Bend approved Resolution No. 26 creating Tax Increment District (TID) No. 18, a 164-acre mixed-use district intended to finance public infrastructure and incentives to enable industrial development and approximately 315 owner-occupied NextGen housing units. Phil Costin of Ehlers summarized the project plan and statutory process, saying the district would be mixed-use with a maximum life of 20 years and identifying roughly $31.4 million in project costs that include reconstruction of Rusco Road, a roundabout at Rusco and River, a small lift station and development incentives.…
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