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Supervisors question details of PFA conduit financing request for downtown redevelopment
Summary
The board discussed a request to consent to taxable conduit financing for BBL Kresge LLC related to redevelopment on Wausau’s 300 block; supervisors sought project details, map overlays for TID 3 and confirmation of the developer's tax status. Administration said conduit issuance does not obligate the county to repayment.
Marathon County supervisors probed a request to consent to taxable conduit financing through the Public Finance Authority for BBL Kresge LLC’s downtown Wausau project, raising questions about the project scope, historic renovation concerns and whether affected properties fall inside existing tax-increment districts. Supervisor Gisselman asked what “renovation” would involve on the 300 block of Third Street in Wausau and said she was sensitive to…
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