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Committee approves $12 million amendment to TID 68 to fund Riverwalk, streets and bikeways
Summary
Milwaukee’s zoning and development committee recommended adoption of Amendment No. 5 to Tax Incremental District (TID) 68, adding roughly $12 million to fund Riverwalk segments, street reconstructions, lighting and bicycle/pedestrian improvements in the Texaco Mineral District.
A Milwaukee Common Council committee on April 14 recommended adoption of Amendment No. 5 to Tax Incremental District 68, authorizing about $12 million in additional project costs to support riverfront and neighborhood infrastructure.
Alyssa Remington of the Department of City Development told the committee the amendment targets public infrastructure near the Milwaukee River and South Water Street. "Amendment 5 proposes to add $12,000,000 in new project costs, the majority of which would be used for public infrastructure projects located within a…
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