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Wausau committee votes to extend TID No. 7 for one year to support affordable housing
Summary
After debate over alternatives, the committee voted to keep Tax Increment District No. 7 open for one year with the goal of dedicating most increment to affordable housing; some members urged pursuing state and federal grant options as alternatives.
The City of Wausau Economic Development Committee on Dec. 2 voted to extend Tax Increment District (TID) No. 7 for one year, with a stated priority for affordable housing. Staff presented three options for the TID (close, close with transfers to operating budgets, or extend for one year under state guidelines) and outlined tentative uses such as Thomas Street infill, MBX property redevelopment and 1300 Cleveland Avenue.
Alder Henke moved to keep TID 7 open for one year for affordable housing; the motion was seconded and the…
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