MUKWONAGO - Village staff members continue taking
steps to gauge the potential success of a proposed
tax incremental financing district that would be
created to spur economic development before moving
forward with the district’s creation.
Village Administrator John Weidl said he hasn’t
drafted the official TID plan yet, which will partly
depend on the results of a feasibility study that is
A 120-unit development has been proposed for the
former site of Lynch’s Horter Chevrolet at 915 S.
Main St. The village bought the site for $1.2
million with the intent of luring in a developer to
create a mixed-use high rise development with retail
on the first floor and apartments or condos on the
Weidl said the feasibility study will tell village
staff what the rental rates could potentially be,
which will then give an idea of the top-end quality
the village could build. The study will also collect
information on the absorption rate, projecting how
many units will likely be rented each month.
The property is under contract, Weidl said, and the
hope is to have the official TID plan put together
by the first quarter of 2016.
The deadline for the Lynch dealership to completely
vacate the Main Street property has been pushed back
by about a month until the end of January. Weidl
said the business is only using the site for
inventory. Lynch’s Horter Chevrolet has moved most
of its operations to a more visible site near
Interstate 43 close to Walmart.
Weidl said village staff have also requested
information from the Department of Natural Resources
to determine what kind of contamination may have
occurred at the dealership site through the years
and what would need to be done to clean it up.
“This is the village’s first time really engaging in
redevelopment for itself,” Weidl said.