Community Development Authority has approved adding a
9.5 acre parcel of land to the cityís TID 3. A former
Sears auto center on the property will be razed to make
way for a new hotel and conference center near the south
end of Brookfield Square Mall.
Hannah Weikel/Freeman Staff
BROOKFIELD ó Brookfield Community Development Authority
members had nothing but good things to say about
Milwaukee Tool Corporation at a meeting Tuesday and
unanimously passed a request to create a new tax
increment district for the construction of a new office
building near its headquarters on Lisbon Road.
building would be used for research, development and
prototyping and the expansion is expected to create 350
new jobs in Brookfield, with average salaries around
$75,000, said MLG Commercial representative Barry Chavin.
ďThese are good, family-supporting jobs,Ē said Mayor
Steve Ponto. ďItís wonderful for the city of Brookfield,
but also wonderful for the region. Iím delighted to have
Milwaukee Tool in our community.Ē
7, which received only its initial approval Tuesday,
would envelop a single 3.5acre parcel of land at 13135
W. Lisbon Road. Existing TID 6 also encapsulates some of
the Milwaukee Tool campus. Project costs are estimated
at around $35 million, with about $3.47 million coming
from the city, a staff report shows.
new tax value of the development during the first few
years of TID 7 would generate approximately $17 million.
The new taxes generated would be around $4.64 million
over 15 years, said Dan Ertl, Brookfield director of
Jeremy Ferch, senior vice president of business
operations at Milwaukee Tool said the company is looking
at another site in Mississippi, and although their first
choice is to expand in Brookfield, itís not a done deal
company is currently renting workspaces in Menomonee
Falls and Milwaukee to do some of the work that would
move to the new facility in Brookfield, which is
predominately the advancement of linear edge ó or saw
blade ó accessories that are carbide-coated at their
Renderings of the
new Brookfield conference center were on display Tuesday
night at a Community Development Authority meeting.
Hannah Weikel/Freeman Staff
Brookfield conference center
proposed amendment to TID 3 near Brookfield Square Mall
was also approved unanimously on Tuesday.
expansion added another 9.5 acres south of the mall
where the former Sears Tire and Battery Auto Center was
located that will be redeveloped into a state-of-the-art
conference center and hotel owned by Brookfield.
Though the cost of the TID 3 development was not
disclosed at the meeting, city officials say increasing
hotel room taxes in Brookfield from 8 percent to 10
percent will pay most of debt the incurred by purchasing
the property, replacing utilities, cleaning up the
pollution on the site and building an 18,000 square-foot
ballroom adjoined by a 170-room Hilton Garden Inn Hotel.
Community Development Authority member Robert Scott said
the new conference center would cater to a demand thatís
not met anywhere else in the area. He said other hotels
in Brookfield are looking at the development as an
opportunity because currently there isnít a space that
can accommodate hundreds of people for a conference.
development is part of a larger revitalization of the
south end of Brookfield Square Mall, mainly for
entertainment and meeting space purposes.