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Waukesha council gives Redevelopment Authority power to buy property and approves $1M seed fund
Summary
The Common Council voted 12–3 to adopt a policy allowing the Redevelopment Authority to acquire properties that meet city redevelopment criteria and to seed the program with $1 million in interest earnings placed into a special revenue fund. Supporters said the move will let the city act faster on redevelopment opportunities; some aldermen raised oversight and maintenance concerns.
The Waukesha Common Council on Dec. 2 approved a policy giving the Redevelopment Authority (RDA) authority to purchase properties that align with adopted city redevelopment plans and recommended criteria, and voted 12–3 to transfer $1,000,000 of interest earnings into a special revenue fund to seed the program.
City staff said the policy is intended to let the RDA act more quickly on strategic sites — for example, to assemble neighboring parcels or buy properties that are not actively marketed but could be redeveloped to increase the city’s tax base. "This is to spur redevelopment and gain tax base in the city," a staff presenter said during the council presentation.
Redevelopment staff outlined the…
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