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Sheboygan council approves tax-increment deal to support Vollrath reinvestment
Summary
The council adopted a resolution authorizing a tax-increment development agreement and issuance of a municipal revenue obligation tied to a proposed private reinvestment. Vollrath representatives said the project could cost about $40'00 million to $80'00 million; the vote passed 8-0 with two abstentions.
Sheboygan City Council voted to adopt Resolution No. 135 25 26 authorizing a tax-increment development agreement with Lawreth Company LLC and authorizing a taxable tax-increment project municipal revenue obligation intended to support a private reinvestment project.
The measure, introduced by Alders Mitchell and Perella, passed by roll call after discussion (8 ayes, 2 abstentions). Council discussion centered on expected economic benefits and the company's plans for a new manufacturing facility.
Director Zener said the resolution is intended both to spur local…
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