Sunday, December 11th, 2016

Waukesha Electric memo of understanding moves forward

1

The Finance Committee of the Waukesha Common Council approved the memo of understanding for the proposed new TIF. The MOU states that the TIF would require a minimum of 100 new jobs added and a project value of $42 million in exchange for $9,000,000 in TIF financing. A developer agreement will be required for TIF approval. The finance committee’s vote was unanimous.

This is the kind of aggressive pursuit of non-retail development that mayoral candidate Jeff Scrima previously said the city needed, but he still criticized it today in a demonstration of a complete lack of knowledge about TIFs.

Shouldn’t a “developer” understand TIFs?

Be Sociable, Share!

Print this entry