Public hearing Monday on financing 
for Milwaukee Tool expansion

Freeman Staff

Feb. 6, 2016

BROOKFIELD - The Plan Commission meeting will start Monday with a public hearing on a proposed tax incremental financing district for an expansion at Milwaukee Electric Tool on Lisbon Road.

Tax increment district No. 6, “The Northeast Gateway,” would include approximately 30 acres of lands located 13135 W. Lisbon Road, 12905 W. Lisbon Road and 12930 W. Lisbon Road. If approved, the TIF district would provide $6 million in TIF assistance toward project costs, which are estimated at more than $33 million.

After the public hearing, the Plan Commission will discuss taking action on the district, as well as a development agreement and new plan and method of operation for Milwaukee Tool’s expansion, which would require Common Council approval.

The meeting will be held at 6:30 p.m. Monday at City Hall, 2000 N. Calhoun Road.