City of Milwaukee - File #: 252193

• File #: 252193
• Version: 1
• Type: Resolution
• Status: Passed
• File created: 6/2/2026
• In control: COMMON COUNCIL
• Final action: 7/14/2026
• Title: Substitute resolution approving a Project Plan and a Development Agreement, authorizing expenditures and creating Tax Incremental District No. 134 (Austin Commons), in the 14th Aldermanic District.
• Sponsors: ALD. DIMITRIJEVIC
• Indexes: TAX INCREMENTAL DISTRICTS, TAX INCREMENTAL FINANCING

Date	Ver.	Action By	Action	Result	Tally
7/15/2026	1	MAYOR	SIGNED
7/14/2026	1	COMMON COUNCIL	ADOPTED	Pass	14:0
7/7/2026	1	ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE	RECOMMENDED FOR ADOPTION; Minutes note: Appearing: Larry Kilmer, DCD Ald. Marina Dimitrijevic, 14th Ald. Dist. Brandon Methu, Northernstar Companies Tyler Sheeran, Commonwealth Development Corp. Pres. Ald. Jose Perez, 12th Ald. Dist. Tanya Fonseca, DCD Scott Reinbacher, DPW Tax Incremental District No. 134 consists of three (3) parcels located at 2318, 2324 and 2332 South Austin Street in the Bayview neighborhood. The District is being created to support the new construction (Austin Commons) of 100 affordable rental housing units offered to households earning between 30 to 80 percent of area median income. Fourteen (14) of the 100 units will be designated as supportive housing units. There was discussion on the existing structures on the site, parking arrangement, zoning, and site control. Ald. Dimitrijevic stated there were 3 community meetings held gathering residents' input, response from residents were divided among those in support and in opposition, resident concerns related to parking and density in the area, those concerns would be addressed, and that she was not in objection. Mr. Reinbacher stated that there was sufficient offstreet parking, based on their analysis, in the area to support the development project. There was discussion on project details (unit mix, amenities, management firm, rent costs, parking spaces, elevators), parking units (optionality, pricing), human resource requirements. Andy Meyer, neighboring business property owner, testified in opposition with concerns over parking, density, and street access, especially during winter.	Pass	4:1
6/30/2026	1	CITY CLERK	DRAFT SUBMITTED
6/2/2026	0	COMMON COUNCIL	ASSIGNED TO

Number
252193
Version
SUBSTITUTE 1
Reference

Sponsor
ALD. DIMITRIJEVIC
Title
Substitute resolution approving a Project Plan and a Development Agreement, authorizing expenditures and creating Tax Incremental District No. 134 (Austin Commons), in the 14th Aldermanic District.
Analysis
Tax Incremental District No. 134 consists of three (3) parcels located at 2318, 2324 and 2332 South Austin Street in the Bayview neighborhood. The District is being created to support the new construction of 100 affordable rental housing units offered to households earning between 30 to 80 percent of area median income. Fourteen (14) of the 100 units will be designated as supportive housing units.

The Tax Incremental District will fund an annual payment to the Developer for 21 years, equal to 100 percent of any incremental taxes (less $7,500 in annual expenses), resulting from the taxable value of real and personal property in the Tax Incremental District, not to exceed an amount equal to $2,135,000 plus interest, as further described in the Project Plan attached to this Common Council file.
Body
Whereas, The Wisconsin Legislature created Section 66.1105, Wisconsin Statutes, entitled “Tax Increment Law;” and

Whereas, Section 66.1105(4) of the Tax Increment Law sets forth certain process and criteria that the Common Council of the City of Milwaukee (“Common Council”) and the Redevelopment Authority of the City of Milwaukee (“RACM”) must follow to create a Tax Incremental District (“TID” or “District”) and approve a Project Plan (“Plan”); and

Whereas, Pursuant to Section 66.1105(4)(a) through (gm), Wisconsin Statutes, on May 4, 2026, RACM conducted a public hearing on the proposed TID and the Plan, designated the boundaries of the District, approved the Plan, recommended that the District be created, and submitted such recommendation to the Common Council for approval with the Plan, a copy of which is attached to this Common Council File; and

Whereas, As required by Sect...