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Plover Joint Review Board: Most TIDs in payback mode; several set to close early
Summary
The Joint Review Board reviewed five tax incremental districts in the Village of Plover, reporting most are in "payback" mode with projected early closures; key projects include new multi-family construction, an Olive Garden, and a major Mullins Whey investment in the Pines Corporate Center Industrial Park.
The Joint Review Board for the Village of Plover reviewed the status of five tax incremental districts (TIDs) during a June 18 meeting, reporting that several districts are in "payback" mode and may close earlier than their required termination dates.
Adam DeKleyn, the Village of Plover community development manager, led the review. He said TID #4 (Village Park at Plover), created in 2004 and about 67 acres, is the only district the board described as blighted; it is mostly built out, currently valued at about $87 million (base value $15 million) and is projected to close early within the next five years (required closure 2035). DeKleyn described TID #5 (Tree Acres, created 2005, ~646 acres) as primarily residential, in payback mode with a current value of $134 million (base $3 million) and a required closure date of 2045.
DeKleyn said Crossroads Commons (TID #6, created 2010, ~115 acres) has recent multi‑family development: Parcel 11 has seven of 15 buildings constructed and Parcel 2 has commenced construction of an Olive Garden. He noted the expenditure period for TID #6 ended in 2025; current value is about $17 million (base $300,000). TID #7 (Post Road Corridor, created 2013, ~34 acres) is mostly built out with limited remaining developable land; current value is about $12 million (base $3 million) and its required closure date is 2033, with the expenditure period expiring in 2028.
TID #8 (Nextgen Nexus), created in 2025 and roughly 385 acres, was introduced as a mixed‑use district with a base value at creation of $8 million. DeKleyn said Mullins Whey is making a significant investment in its facility at the Pines Corporate Center Industrial Park within that district. Steve Kunst, the Village administrator, added that the Village fronted initial project costs from the general fund and utilities for several TID projects and expects to be repaid as districts mature: "When members hear 'mature district pay back mode'... it refers to how the Village handled the creation of those TIDs," Kunst said.
Jacqueline Schreiber moved (and Eric Olsen seconded) to approve the minutes of the July 21, 2025 meeting at the start of the session; there were no public comments. The board adjourned at 11:01 a.m.
The review underscores that the Village is monitoring project completion and tax‑base growth that will accelerate repayment of initial municipal advances and free up tax revenue for overlapping jurisdictions as districts close.
