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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 half-mile of the district's boundaries," Remington said, citing $3.8 million for four street reconstructions, $2.8 million for high-impact paving and roughly $335,000 to design and construct two Riverwalk segments, including up to $235,000 for a 29-foot section at 350 South Water Street.
Kevin Muse, the city engineer, explained the amendment would also fund bikeway improvements and intersection safety work. "This amendment actually is gonna help us do what we would say a better job north of Florida because it's adding more resources," Muse said, noting outreach on the South 2nd Street corridor and an upcoming public meeting to review preferred concepts.
Alderman Oliver Perez, speaking on neighborhood safety, supported including lighting near the NextAct Theater to reduce crime and improve weekend safety, and thanked staff for early engagement with stakeholders.
Remington said the package also sets aside $1,000,000 for commercial corridor programs (signage, façade grants and storefront activation) and approximately $665,000 for specialty street lighting. She told the committee the TID's incremental value has grown over two decades and the amendment keeps the district on track to pay off by the TID's scheduled year (the presentation cited 2030/’25 of the TID timeline).
Alderman Bauman called for a motion; a committee member moved to recommend adoption and, hearing no objection, the chair ordered the recommendation forwarded.
Next steps: The committee recommended the amendment to the full council for adoption and the Department of City Development will continue project-level design and coordination with Public Works and neighborhood stakeholders.
