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Authority approves TIF District 31 to support 1 Astor apartments and Fire Station 1 conversion
Summary
The Redevelopment Authority approved creation of Tax Increment Financing District No. 31, a blight‑designation district covering about 5.5 acres to support a 125‑unit market‑rate development by 1 Astor Holdings and a planned Fire Station 1 conversion, using pay‑as‑you‑go incentives with caps.
The Redevelopment Authority voted unanimously to create Tax Increment Financing District No. 31, a blighted-area TIF covering roughly 5.5 acres on Green Bay’s southern downtown edge to support two projects: a 125‑unit market‑rate multifamily development at 100 East Mason (1 Astor Holdings) and conversion of Fire Station 1 to mixed uses.
Rebecca, city redevelopment staff, told the authority the district qualifies as blighted under state statute for the parcels included and that roughly 78% of the district area is…
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