Number
260049
Version
ORIGINAL
Reference
060911, 231947
Sponsor
ALD. BAUMAN
Title
Resolution approving Amendment No. 2 to the Project Plan for Tax Incremental District No. 67 (Pabst Brewery/The Brewery Project), authorizing expenditures and authorizing approval of the Land Acquisition Report, in the 4th Aldermanic District.
Analysis
Tax Incremental District No. 67 was created in 2006 to encourage redevelopment of the former Pabst Brewery complex by providing funds for public infrastructure and for building demolition, abatement and preservation. Amendment No. 1, approved in 2024, provided $4,900,000 for public infrastructure improvements and $250,000 in administrative costs, totaling $5,150,000.
Amendment No. 2 to Tax Incremental District No. 67 would provide up to $16,700,000 for public infrastructure improvements, $500,000 for commercial corridor programs, $1,500,000 for property acquisition (and related site work), $1,500,000 for housing programs, $1,500,000 for contingency and $750,000 in administrative costs, totaling $22,450,000. This file also approves the acquisition of property, as outlined in the attached Land Acquisition Report.
Body
Whereas, On December 12, 2006, the Common Council of the City of Milwaukee (“Common Council”) adopted File No. 060911, which approved a Project Plan and created Tax Incremental District No. 67 (Pabst Brewery/The Brewery Project) (the “District”); and
Whereas, On May 21, 2024, the Common Council adopted File No. 231947, which approved Amendment No. 1 to the Project Plan for the District; and
Whereas, Pursuant to Section 66.1105(4)(h)(l), Wisconsin Statutes, on May 21, 2026, the Redevelopment Authority of the City of Milwaukee conducted a public hearing on Amendment No. 2 to the Project Plan for the District (“Amendment”), approved the Amendment by resolution and submitted the Amendment, a copy of which is attached to this Common Council File, to the Common Council for its approval; and
Whereas, Section 66.11...
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