Developer eyes Slinger for hotel
Project could prod road work

By JOE VANDELAARSCHOT - Daily News

July 19, 2015

SLINGER - Slinger officials may check an item off of their bucket list — a hotel in the village.

Resident Wayne Erickson presented a proposal for developing a 2-acre lot he owns at the southwest corner of North Kettle Moraine Drive and Cedar Creek Road for a possible 24-30 unit hotel during a recent Village Board meeting. There are no hotels in the village.

“It’s a vacant lot now, but I’ve had discussions with a developer who is very interested in possibly building a hotel there, but the project would need some help from the village to happen,” Erickson said. “It would need financial incentives of some kind.”

Erickson wouldn’t name the developer, but said the property is a perfect location for a 24-30 unit hotel. Slinger officials have kept the construction of a hotel on the village’s wish list.

“The costs associated with this project would be just too high without the village’s help,” Erickson said. “It’s very much up in the air and very preliminary. Maybe the village could include it in a proposed new Tax Incremental Finance District.”

Village President Russ Brandt said the village could include the property in a TIF proposal. It’s also possible the village could create a TIF district with just Erickson’s property.

A TIF district uses additional property taxes generated within its borders through increased economic development to pay for building infrastructure such as sewer and water, roads and access to electricity, needed to spur development.

“We’ve never administered a one-parcel TIF district, but it could be worth looking into,” Brandt said.

Brandt said a nursing facility recently moved into the village after receiving incentives regarding connecting to village utilities, Brandt said.

“I think with the village’s incentives they have saved about $100,000,” he said.

Village Engineer Jim Haggerty said if a hotel comes to fruition the creation of a TIF district there would also aid Slinger with road work.

“Any project at this location should include the realignment of Cedar Creek Road with Heder Drive,” Haggerty said. “We’ve had problems at this intersection for years and a new construction project would be a good opportunity to resolve the sight obstruction and other issues.”

He said once the village’s TIF District-3 is closed, the village will have more flexibility in promoting development projects. Village Treasurer Margaret Wilber said staff plans to present the resolution ending TIF District-3 at the next Village Board meeting.

“The first step would be for the developer to meet with village staff to discuss the project concept,” Brandt said.

Reach reporter Joe VanDeLaarschot at .