Milwaukee Tool expansion on Brookfield agenda

Freeman Staff

Dec. 12, 2015

BROOKFIELD — The Common Council and Plan Commission are set to hold a joint meeting Monday to consider several items related to a proposed $6 million tax incremental financing district to help fund an expansion at Milwaukee Tool. The agenda includes a staff report on a rezoning request related to the project and a presentation by the city’s consultant related to the tax incremental district.

Milwaukee Tool, 13135 W. Lisbon Road, wants to expand its headquarters in Brookfield by constructing a 200,000-square-foot addition and adding approximately 500 employees during the next few years. As part of the plans, Milwaukee Tool would purchase the three-and-a-half acre parcel of land north of its current facility on Lisbon Road.

The Community Development Authority recommended approval of the plan in November and the Plan Commission voted Dec. 7 to set public hearings on the matter. The project’s total cost is estimated at $33 million by the company.

Since 2009, Milwaukee Tool had $1.3 billion in sales growth for a total of $2 billion expected in 2015. Also in 2009, Milwaukee Tool employed 227 workers and now has about 640. In the next three years, Milwaukee Tool is anticipating $1.4 billion in sales growth, company officials have told the city.

Officials also said they looked at other location options, including at the former Ruby Farm, but want to stay near Lisbon Road.

Milwaukee Tool hopes to buy the land this year and begin pre-development work, ultimately taking occupancy in spring 2017.

The staff report on the project generally speaks favorably about the proposal and the specific recommendations are to set public hearings for the changes to move forward. The report notes that in addition to creating new jobs, the project would generate $8.4 million in new taxes.

“This would be a major step in achieving the city’s redevelopment and reinvestment goals in the area,” the report says.

Other items on the agenda include building additions and alterations at Elmbrook Memorial Hospital and the establishment of “no thru trucking” on North 133rd Street between Lisbon Road and Capitol Drive.

The meeting is set for 7:45 p.m. Tuesday in the Council Chambers at City Hall, 2000 N. Calhoun Road.

>>RELATED: Public financing recommended for Milwaukee Tool expansion

>>RELATED: Milwaukee Tool wants to expand in Brookfield, add 500 jobs