Mukwonago purchases 115 acres for business park
Construction to begin in upcoming months

By Brandon Anderegg - Freeman Staff

April 5, 2018

Banker Wire currently has 135 employees and plans to hire more staff that will make up a portion of the 900-plus jobs the village expects to generate with the new facility over 20 years, according to John Weidl, village administrator and economic development director. Banker Wire’s new facility is expected to be fully operational by March of 2019.
Submitted rendering

MUKWONAGO — Mukwonago will begin developing the Sugden Farms business park in the coming months after the village spent $3.28 million on 115 acres of farmland near Interstate 43.

Local manufacturer C.I. Banker Wire & Iron Works will be the first company to inhabit the park later this year with plans to construct an 182,000 square-foot facility just two miles from the company’s current location in Mukwonago.

The business park will be located south of the Highway 83 and I-43 interchange near Wolf Run and Dewey Drive, according to John Weidl, village administrator and director of economic development. Weidl said constructing the business park and keeping Banker Wire local is another example of how the village works to cultivate businesses and economic development in Mukwonago.

But the process of fostering economic growth and finding businesses that would fill the park began years ago, said Weidl. Each year, village officials sit down with local business owners to discuss opportunities for growth, and how the village can accommodate their needs.

“It’s not just trying to figure out who’s building new, but it’s to help businesses that are growing in any stage,” Weidl said. “We want to be a first point of contact if businesses are thinking of relocating or expanding.”

By harnessing the power of the interstate, Weidl said Mukwonago can attract companies and generate the workforce the community needs. With a great residential community, school district and growing industrial sector, Mukwonago can use these elements to strengthen one another, Weidl said.

“We have the blending of a great residential community with the location of an interstate community,” Weidl said. “It’s the duality of our economy.”
 

Park details

The village will be both the owner and developer of the business park. Construction may begin as early as May or June and the village will start contract bids for utilities and the foundation of the park next month.

The village will pay for the purchased land and business park infrastructure through a tax incremental financing district. Both the land and infrastructure cost approximately $11.2 million but will be paid for through property taxes generated by the estimated $68.7 million in new land value in the business park.

Weidl said the village hopes to sell the land in the business park for $50,000 to $125,000 with higher prices for land with full utility service located closer to Highway 83. Where the acreage has a lower price point, the buyer must build his or her own stormwater ponds or control systems, he said.

The business park will have all utilities and a total of nine sites ranging in size from 3.5 to 20 acres by Dec.31, 2018. Weidl said the village already has at least a dozen candidates already in Mukwonago that may be looking to expand in the near future, but he's considering prospects outside Wisconsin.

“We're in the process of vetting organizations that can assist Mukwonago with enlarging the scope to target businesses outside of Wisconsin,” he said.