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Wausau updates commercial rehab loan program and moves to closed session on property sale
Summary
Staff reported eight closed commercial-rehab loans (six current, one interest-only, one delinquent) and said the program balance is about $26,000; the committee then moved into closed session under Wis. Stat. 19.85(1)(e) to negotiate the sale of 424 Burns Street.
At the Dec. 2 meeting the City of Wausau Economic Development Committee received an update on its commercial rehabilitation loan program and then voted to adjourn to closed session to deliberate the negotiated sale of a city property.
Program update: Staff reported that eight loans have closed under the commercial rehabilitation…
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