Council hears update on "wineer" redevelopment; developer Jeffers seeks quick commitment for tax-credit timeline
City Administrator Steve Bar updated the council on renewed talks with developer Jeffers about the "wineer" redevelopment. Jeffers reported a moved-up LIHTC cycle and would like council direction by the end of July; the developer may request ~$65,000 in pre-development support, favorable facility terms and pay-as-you-go TIF.
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City Administrator Steve Bar told the council staff had re-engaged Jeffers, a Milwaukee-area developer previously involved with an affordable housing proposal, to gauge whether the company remained interested in the "wineer" redevelopment project and what the revised funding timeline would require.
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