Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
West Allis CDA outlines $1 million demolition loan plan for former St. Aloysius site; decision pending
Summary
City staff told the Community Development Authority the CDA would request a $1,000,000 demolition loan from city reserves to F Street 90 Second LLC for the redevelopment of 1405 S. 90 2nd St.; Common Council approval and additional financing steps remain before construction can begin.
West Allis Community Development Authority staff said the authority will ask the Common Council to approve a $1,000,000 demolition loan from city reserves to F Street 90 Second LLC to advance redevelopment of the former St. Aloysius site at 1405 South 90 Second Street, with final approvals and construction financing still outstanding.
City staff said the loan would be a 12‑month note at 6.5% interest, with 50% of interest paid monthly and the remainder accrued until paid off at closing of the construction loan. The…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
