Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
West Allis CDA approves TIF District No. 22 to back two new apartment buildings
Summary
The Community Development Authority approved creation of Tax Incremental Financing District No. 22 as an overlay to part of TIF 15 to finance two apartment buildings totaling 117 units, plus about 2,000 sq ft of retail; staff said the TIF request is about $5.6 million in present value and the resolution passed by roll call.
The Community Development Authority of the City of West Allis on Tuesday approved creation of Tax Incremental Financing District No. 22, an overlay to portions of existing TIF 15, to support two new apartment buildings in the Mitchell/66 & Lapham area.
Patrick Schloss, executive director of the CDA, opened a public hearing and described the proposed overlay as covering roughly two parcels — about 2.5 acres — carved from the existing TIF. "The proposed project is 117 new apartment units," Schloss said, describing two buildings (66 units on one parcel, 51 on the other), a community center and roughly 2,000 square feet of street-level retail at the corner of 66 and Lapham. He said the total project cost is about $31…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
