MUKWONAGO
Village seeking developers for proposed Sugden Farms business park

By Brandon Anderegg - Freeman Staff

Jan. 12, 2018

MUKWONAGO — Village officials have been actively searching for businesses to develop the village’s proposed Tax Incremental Finance District number 5 (TID #5) or Sugden Farms business park, which will be located on the Sugden Farms property just south of the Highway 83/43 interchange near Wolf Run and Dewey Drive, according to Village Administrator John Weidl.

Tax incremental financing allows municipalities to funnel tax money into improvements within a geographic district. After a TID district is created, a portion of the property tax generated on new developments within the district, called “increment,” goes into a pot that can be used to pay for improvements, like environmental cleanups, road construction and demolition projects At a Jan. 9 special board meeting, Weidl was authorized to offer Banker Wire, a manufacturer in Mukwonago, 16 acres of Sugden Farms property on the condition the company proposes an initial 180,000 to 195,000 square-foot building with a guaranteed $8 million in total assessed value to be constructed by January 2019, according to the meeting agenda.

Weidl said Banker Wire has been looking to expand and Mukwonago is one of the communities the company is considering. While Banker Wire has yet to accept or deny the village’s proposal, offering opportunities to companies such as Banker Wire that already have operations in Mukwonago is part of the village’s plan, said Weidl. He said Mukwonago has the potential to attract homegrown facilities and those in Waukesha County that need to expand.

“I hope that we can be a regional hub for industrial businesses that are looking to expand in the area where they already are,” said Weidl.

The 115-acre business park will contain at least nine sites that range between 3.5 aces and 20 acres. Weidl said. However, the cost and a plan for the business park will not be available until the middle of next week because the village is still finalizing numbers, he said. Moreover, the sale between the Sugden family and the village is not yet finalized.
 

Development hurdles

Weidl said the village wants to become one of the communities in Waukesha County that has development-ready sites. However, Mukwonago has missed opportunities in the past because the village did not have the land or amenities needed to attract potential developers, said Weidl.

“Our biggest hurdle was that we didn’t have the land to capture those opportunities when they came our way,” said Weidl.

A criterion for the business park established by the village is to have all utilities by Dec. 31, 2018, according to Weidl. This means the park would have roads, street lights, gas, water, sewer and other utilities in place before companies move there.

“We’re trying to do what’s best for our 20-year future,” said Weidl. “And these buildings will be here 50 to 60 years from now, paying taxes.”

A Freeman reporter reached out to Banker Wire but was not able to get in contact before deadline.