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Plan Commission backs TID 13 recommendation, highlighting Riverwalk and Market Square projects
Summary
Fort Atkinson Plan Commission recommended that City Council adopt the TID 13 project plan and boundaries, a blight-elimination district the city says would support Riverwalk improvements, Market Square and other south-side infrastructure projects totaling about $17.5 million.
The Plan Commission recommended that the City Council adopt the project plan and boundaries for Tax Increment District 13 after a staff presentation and public hearing.
Staff described TID 13 as a blight-elimination district on the city's south side that would include the Riverwalk and a potential Market Square. The presentation listed about $17,500,000 in proposed public improvements and an anticipated $32,500,000 in added increment over the life of the district; staff said the district would include about 80 parcels with existing value just above $23,000,000. As with TID 12, blight-elimination status would extend the district life from 20 to 27 years and the expenditure period from 15 to 20 years.
A member of the public questioned why the Hoard Building was excluded from the proposed boundary; staff said the boundary decisions were based on the anticipated likelihood of development and that parcels can be added later through an amendment if property owners and developers pursue it. The commission voted to forward the recommendation to the city council.
Council consideration and the joint review board's further review were scheduled as follow-ups. Staff and commissioners stressed that TID creation does not alter eminent-domain authority or grant new powers to the city; any project that changes parcel use would still need to comply with the comprehensive plan and zoning.
