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City, Wisconsin Center District agree to revised service-and-benefits deal after prior pilot yielded no payments; new annual guaranteed payment begins in 2026
Summary
After renegotiation, Wisconsin Center District agreed to annual guaranteed payments to Milwaukee beginning in 2026 (initial $500,000 with a 2.5% annual escalation); the committee approved airspace lease changes and adopted the revised services-and-benefits resolution.
The Milwaukee Department of Administration, with the comptroller and City Council negotiators, presented a renegotiated services‑and‑benefits agreement with the Wisconsin Center District (WCD) to the Finance & Personnel Committee June 18. The revised deal replaces a 2020 pilot agreement that — owing to a complex ‘‘net income/net revenue’’ formula — produced no payments to the city in recent years.
Under the new terms presented to committee members, WCD will begin making guaranteed annual payments to the city starting in 2026. The administration said the initial payment will be $500,000 in 2026 and that amount will grow at 2.5% per year thereafter. Presenters said the new structure removes…
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