During a meeting today, the Village Board will vote to approve a
traffic impact analysis for a proposed road that would connect the
village’s Tax Incremental Finance District #5 to Highway 83,
according to Village Administrator John Weidl.
officials have been searching for businesses to inhabit their new
industrial park, located on the Sugden Farms property just south of
the Highway 83 and 43 interchanges near Wolf Run and Dewey Drive.
With a new
industrial park comes new tenants, employees and therefore added
vehicles to the area. The proposed cross section is just another
element of TIF District #5 and before an intersection is
constructed, the village must fund a TIA to determine what kind of
signage and road design would be required for this area.
The village is
investing approximately $12 million in the industrial park, which is
a 115-acre area containing nine sites that range in size between 3.5
acres and 20 acres, according to Weidl.
officials estimate the park will produce $60 to $80 million in
taxable development, $18 million to $20 million in tax revenue to
fund the industrial park and 900 to 1,500 jobs over 20 years,
according to Weidl.
park has not been constructed but Weidl said the park will have all
utilities in place by Dec. 31, 2018.
This means the
park would have roads, streetlights, gas, water, sewer and other
utilities in place before companies move in.
The board will
meet immediately following the Committee of the Whole meeting, which
begins at 5:30 p.m. in Mukwonago Village Hall, 440 Rivercrest Court.