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Wausau finance committee tables credit agreement with Judd S. Alexander Foundation amid transparency and timeline concerns
Summary
A proposed credit agreement tied to the MBX property and a $250,000 foundation contribution drew questions from alderpersons over unexpected strings tying forgiveness to affordable housing and an ambitious three‑year timeline; the committee voted to table the item pending clarifications.
A proposed credit agreement between the City of Wausau and the Judd S. Alexander Foundation for the MBX property was tabled by the finance committee on Nov. 25 after alderpersons raised concerns about transparency and repayment terms.
Alder McElhinney and others said the terms presented in the loan documents differed from what they were told when the purchase was approved. "There was not these…
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