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Committee met in closed session to discuss TIF negotiation strategy for proposed development at 3450 Milwaukee Street
Summary
Under Wis. Stat. 19.85(1)(e) the Finance Committee held a closed session to deliberate negotiating strategy for a proposed Threshold Development project seeking tax‑increment financing at 3450 Milwaukee St.; after closed session the committee reported staff were instructed to proceed with negotiations.
The Finance Committee entered a closed session under Wisconsin Statute 19.85(1)(e) to deliberate negotiation strategy concerning a proposed Threshold Development project that has requested tax‑increment financing for a site at 3450 Milwaukee Street.
The committee convened in closed session, discussed bargaining positions and potential terms, and instructed staff on negotiating strategy. The committee’s public report out after the closed session indicated staff were provided direction on how to proceed with the city’s negotiations. No confidential negotiating terms were disclosed in open session.
