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Consideration of creation of Tax Increment District 16 - Research Park West, and adoption of a project plan
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Submitted by:
Mark Hammond, John Ruggini and Jon Cameron (Ehlers)
Department:
Development and Finance
A. Issue
The Project Plan for the Creation of TID #16 was approved by the Community Development
Authority on January 13th, 2026, following a public hearing on the same date and is now before
you for consideration.
B. Background/Options
Wauwatosa Tax Incremental District ("TID") No. 16 ("District") is a proposed Mixed-Use District comprising approximately 40 acres located at the western edge of the Milwaukee County Research Park, along the southeastern corner of Watertown Plank Road and Mayfair Road. The District will be created to pay the costs of development incentives and infrastructure needed ("Project") to be developed by Wayfair Apartments LLC and Samapa Development Company LLC for the redevelopment of the Sonesta Hotel ("Developer"), as well as other potential developers for additional sites within the District.
In addition to the incremental property value that will be created, the City expects the Project will result in approximately $101.5 million in new taxable value within the City and significant additional housing opportunities within the City at various price points. The District will also seek redevelop a number of underutilized parcels within the District boundary. The City anticipates making total expenditures of approximately $34.2 million to undertake the projects listed in this Project Plan ("Plan"). Project Costs include an estimated $25.8 million in development incentives (future value estimate figure) on a pay as you go basis through the issuance of Municipal Revenue Obligations (MROs) for three separate development projects within the District boundary. There is also approximately $4.5 million in infrastructure related expenses in and within a half-mile radius of the District that may be undertaken as well as on-go...
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