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Council approves parking-lease deal with Foundry on Third; vote 7–3
Summary
The council approved a parking stall lease with the Foundry on Third Phase 1 LLC for the former Sears ramp, including a negotiated discount and a long-term commitment; the measure passed 7–3 after debate over fairness and incentives.
The Wausau Common Council on May 20 approved a parking stall lease agreement with Foundry on Third Phase 1 LLC (file 190921) for the former Sears ramp by a 7–3 vote.
Council debate centered on whether the city should offer a 20% discounted rate in a long-term agreement and whether the city had already committed substantial TIF subsidies to the Foundry project. Alder Neil, who supported the agreement, said the Foundry had built…
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