Number
041663
Version
SUBSTITUTE 2
Reference
Sponsor
ALD. D'AMATO
Title
A substitute ordinance relating to the voting requirements for changing the zoning of parcels zoned industrial.
Sections
295-307-3-g cr
Analysis
This ordinance provides that, whenever an area proposed for rezoning measures at least 3 acres and is presently zoned industrial, and the proposed designation is not an industrial zoning district, the zoning map amendment shall not become effective except by the favorable vote of at least two-thirds of the common council members voting on the proposed change.
Body
Whereas, In 2004, real estate consultants S. B. Friedman and Company completed a report for the Milwaukee Economic Development Corporation titled “Milwaukee's Industrial Land Base: An Analysis of Demand and a Strategy for Future Development”; and
Whereas, This analysis found that there is demand for industrial land in the city of Milwaukee (an average of 32 acres per year were absorbed annually from 1995 to 2000) and that such demand is fairly elastic, “depending on the availability of clean, developable, appropriately located industrial parcels of suitable size” in the city; and
Whereas, The authors of the Friedman report note that the city of Milwaukee could potentially increase its share of total industrial space in the Milwaukee metropolitan area if it has an adequate supply of clean, developable parcels of land; and
Whereas, Two real estate market surveys released in March, 2005, indicate that the Milwaukee area's industrial real estate market is among the 10 strongest in the nation, based on industrial-space vacancy rates; and
Whereas, In recent years, the city of Milwaukee has witnessed the development of a number of industrially-zoned or previously industrially-zoned properties for non-industrial and often tax-exempt uses; and
Whereas, The Friedman study concludes that “Milwaukee will not capture its potential share of demand for new indus...
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