MUKWONAGO - In an effort to promote construction
of mixed use and residential development of vacant and existing
sites near the Main Street corridor, the village is considering
creating a tax incremental financing district.
The district would be located south of the
Mukwonago River on Highway ES. According to the TIF District No.
4 creation project plan, by using a tax incremental district,
the village would become a “vested partner in all future
developments within the district.”
No action was taken during Tuesday’s Plan
Commission meeting on the preliminary review of an amendment to
the comprehensive plan for potential TID No. 4, nor a
preliminary review of its project plan.
The village of Mukwonago has purchased the
Lynch’s Horter Chevrolet dealership site, 915 Main St. The
village plans to assist in the dealership’s relocation to a site
more viable for potential customers, according to the plan. The
village wants to redevelop the former dealership site “to meet
economic growth objectives, and to ultimately benefit the
community,” according to the plan.
As part of the TIF district, the village would
make public works upgrades, such as water system improvements
and widening of Bay View Road.
On Dec. 31, the total equalized value of the
village was $719,125,800. The estimated equalized base value for
the TIF district would be $9,587,000, according to a memo.