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Committee approves TIF term sheet for 14‑unit 'missing‑middle' project at Menomonee River Parkway, 6–1
Summary
The committee approved a pay‑go TIF term sheet recommending a present‑value subsidy of $880,000 for a 14‑unit mixed townhome and apartment development on a compact former SASMA parcel; members debated rents and whether the project advances affordability.
The Wauwatosa Financial Affairs Committee approved a term sheet offering pay‑as‑you‑go tax‑increment financing for a proposed 14‑unit residential project at 7746 Menomonee River Parkway.
CDA staff and consultant Baird told the committee the developer, JJH 3 Group, requested pay‑go assistance with a present‑value subsidy of $880,000 for 14 rental units (a mix of townhomes and apartments). Staff said the site is a small, difficult parcel the CDA acquired years ago and…
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