55°
Weather | Traffic

Today's Paper
Today's Paper, also known as the e-Edition, is an online replica of the printed newspaper. You can view today's paper or previous issues.

$3.5 million in incentives proposed for Woodman's in Waukesha

Sept. 19, 2011
SHARE

By Laurel Walker of the Journal Sentinel

Sept. 19, 2011 0

Waukesha - Woodman's Food Market, which has announced plans to build a grocery store on the vacant Spancrete Industries Inc. site at Highway 164 and E. Main St., will get up to $3.5 million in financial incentives from the city under a package unanimously recommended Monday by the city's Redevelopment Authority.

A proposed tax incremental financing plan states that Woodman's would develop a 243,753-square-foot grocery store and create 219 full- and part-time jobs, adding $15 million to the city's tax base when finished.

A public hearing will be held at 6:30 p.m. Oct. 12 at City Hall before the Plan Commission to seek approval of the proposed tax increment district and project plans. Approval of a Joint Review Board of other government representatives must also be obtained.

The Common Council is expected to act on a rezoning request for the project, changing the land use from industrial to commercial, at its Oct. 4 meeting.

In a letter to Common Council members, Community Development Director Steven Crandell said the tax incremental financing plan will provide incentives for redevelopment of a blighted area.

In justifying the incentives, the plan says that commercial growth in Waukesha has come to a near standstill. In addition, it says that redevelopment of the no-longer used industrial site is much more costly than development on virgin land.

Spancrete Industries, which manufactures large concrete panels, closed its facility on Main St. last November.

Woodman's, a Janesville-based employee-owned retail grocer, would occupy about 19 acres of the 34-acre site, along with a gas station. About a half-dozen out lots of about an acre or two would be developed separately.

The property is adjacent to a Pick 'n Save grocery store.

The tax incremental financing plan lists some extraordinary costs that, if left to Woodman's to pay entirely, would make it unfeasible.

Those include $1 million to $1.2 million for demolition of an existing shuttered Spancrete concrete plane casting facility, $200,000 to $250,000 in city-required architectural upgrade to the Woodman's building, $150,000 to $200,000 in site preparation, $125,000 to $150,000 in environmental testing, $400,000 to $600,000 for off-site infrastructure improvements and $3 million to $4 million in land acquisition costs.

Tax incremental financing allows municipalities to use property taxes generated by new or improved property to pay for the public improvements that attracted the new development. Until the project costs are paid off, up to a maximum of nearly 30 years, the added tax base from the development is not shared with overlying taxing districts, such as the county, school and technical school districts.

About Laurel Walker
Laurel Walker covered local, school and county government for 20 years -- the last half of that at the Milwaukee Journal and Milwaukee Journal Sentinel -- before she was named Waukesha County columnist in 1997. Today she writes about the people, places and events around metropolitan Milwaukee with a broad suburban focus. She was the youngest of nine children raised on a central Wisconsin farm before leaving the nest for journalism studies at the University of Wisconsin-Eau Claire and a masters degree at the University of Oregon. She has spent the last half of her life in Waukesha County, where she and her husband raised two sons. Though she has a fondness for life in Waukesha, she eagerly partakes in the culture of the big city to the east and the recreation of the forests to the west. With sons in the arts, she has a special fondness for symphonic music concerts and art museums. She finds peace in a good book at a Northwoods getaway weekend, adventure in family visits to the east and west coasts, and satisfaction in a column well-written that reaches readers.
0 Share Tweet Print
NewsWatch

Dodgers 6, Brewers 5: Dodgers' defense shuts down Brewers' late rally Yesterday
11:50 p.m.

Buddy Ryan, NFL coach and defensive mastermind, dies at 85 10:13 p.m.

Missing Waukesha County teen found unharmed 9:53 p.m.

Warmer temperatures expected in Milwaukee Wednesday 9:41 p.m.

Wisconsin’s appeal on abortion turned away by Supreme Court 9:23 p.m.

Patti Guerrero: Guerrero battled health challenges by giving to family, co-workers 9:18 p.m.

Jury in trial of man accused of killing Berit Beck says it is deadlocked 7:40 p.m.

Larger lawsuit promised after settlement in Capitol protest 7:25 p.m.

Walker's Point neighborhood draws another apartment development 6:59 p.m.

Annual survey shows the high cost of long-term care 6:31 p.m.

Police summer strategy includes more foot, bicycle patrols 6:30 p.m.

Private equity firm buys majority stake in music publisher Hal Leonard Corp. 6:27 p.m.

Verizon to sell $1.17 billion in bonds backed by mobile payments 6:02 p.m.

Ron Johnson campaign turns to ground game strategy 5:49 p.m.

Wisconsin eligible for $13 million to combat opioid crisis 5:46 p.m.

Brown Deer driver, 37, charged in crash near Strawberry Festival 5:36 p.m.

Study based at UW raises hopes for Zika vaccine, immunity 5:29 p.m.

Pat Summitt, most wins of any Division I basketball coach, dies at 64 5:10 p.m.

West Allis pair confess to kidnapping, killing pregnant woman 5:06 p.m.

Amazon's Dash buttons can thwart smart shopping 4:58 p.m.

Google offers new way for users to manage ads, personal data 4:51 p.m.

As 49th Summerfest kicks off, leaders looking to future 4:24 p.m.

Johnson Controls to provide systems for Sacramento arena 4:05 p.m.

Panel OKs $20 million financing plan for streetcar extension 3:47 p.m.

Feds urge consumers to act quickly on Ikea dresser recall 2:35 p.m.

Baseball: Waukesha West's Jarred Kelenic makes cut for Team USA U18 baseball team 2:35 p.m.

Start-ups invited to make pitches in Madison 2:02 p.m.

Q&A: Here's what you need to know if you own a VW diesel car 1:31 p.m.

Golf: Naga-Waukee Golf Course turns 50 years old 1:20 p.m.

Summerfest 2016: 8 Milwaukee bands with great opening slots at Summerfest 1:17 p.m.

For first time, FBI 'Ten Most Wanted' includes Milwaukeean 12:52 p.m.

Court reinstates sex crime conviction of ex-high school coach 12:32 p.m.

Marcoux recommended for fourth term as city development commissioner 12:25 p.m.

'Bachelorette' recap: Jordan Rodgers called 'entitled' 12:14 p.m.

Cedarburg High School principal named Grafton superintendent 12:02 p.m.

2016 Fourth of July events in the Milwaukee suburbs 11:50 a.m.

Milwaukee man accused of executing man over $90 debt 11:31 a.m.

Convict in fatal park shooting will have chance at parole 11:08 a.m.

Dodge County man charged with homicide in woman’s overdose 10:55 a.m.

Adient moving forward with divestiture from Johnson Controls 10:37 a.m.

Former HOPE Christian coach, dean convicted of sexual assault 10:26 a.m.

Complaint: Waukesha veteran, upset by fireworks, fired rifle into air 10:05 a.m.

U.S. failed to protect Americans in Benghazi, House GOP report says 9:21 a.m.

Woman fined for bringing marijuana to Waukesha court proceeding 9:00 a.m.

Theater Review: At its best, 'An Ideal Husband" serves smorgasbord of Wildean wit 8:19 a.m.

Door malfunction traps inmate in cell at Dane County Jail 7:40 a.m.

Early morning shooting in Milwaukee leaves 49-year-old dead 7:35 a.m.

On Tap Today: Get ready for Summerfest 5:30 a.m.

Advertisement

Photo Galleries

Advertisement