Village signs off on TIF district for Gateway project

Pay-as-you-go financing mechanism includes $21.5 million for infrastructure in massive east-side development

EARTH-MOVING work has begun on the site of the Northern Gateway Community Collective Development north of Highway 33 and west of Northwoods Road on Saukville’s east side. Photo by Sam Arendt

By KRISTYN HALBIG ZIEHM

Ozaukee Press staff

The Saukville Joint Review Board last week approved the creation of a new tax incremental financing district to accommodate the new Northern Gateway Community Collective Development on the village’s east side.

The board unanimously approved a resolution creating the district following a presentation by Greg Johnson of Ehlers, the village’s financial consultant, on the proposed TIF district on Jan. 3.

The Village Board had approved a similar resolution in December and the Plan Commission in November.

All that’s left now to create the district is for Ehlers to notify the Wisconsin Department of Revenue that it has been approved and to submit the necessary documents.

According to Johnson’s presentation, the TIF district would provide incentives for infrastructure and related costs for the development with the goal of expanding housing and industrial and commercial opportunities in the village.

The TIF includes $21.5 million in infrastructure funding for projects in the Gateway Development, a total of $272,990 to cover the village’s annual costs for the district — items such as reports for the state and audits — and $172,250 to help pay for a village project to loop its water system in the area.

The new district is a pay-as-you-go TIF in which the developer pays for the infrastructure improvements and those expenses are repaid by the village with increased tax revenue from the district.

Those increased taxes, also called increment, are expected to total $46 million over the next 20 years, according to the presentation, and the TIF district is expected to be dissolved by 2044.

The Gateway Development, proposed by Ansay Development and Three Leaf Partners for 99 acres north of Highway 33 and between I-43 and Northwoods Road, will be the largest development in the village.

It has met with praise from village officials, with Village President Barb Dickmann saying, “It’s an honor and privilege for us to  move forward on this. This project is the largest and most unique in our history” when the development was approved in late August.

The development is projected to increase the village’s tax base by $157 million, with work expected to be completed by 2033.

The northern portion of the development includes a 129,999-square-foot manufacturing campus for American Orthodontics, a Sheboygan-based firm that will anchor the subdivision.

The building is expected to be completed by the end of this year, and more than 100 jobs are expected to be created initially by the company, which makes supplies used by orthodontists throughout the world, including appliances, wires and instruments,  officials said when approving the site plan in November.

Plans for the northern portion of the development also calls for construction of four eight-unit apartment buildings, 18 duplexes, 28 townhouses and 34 single-family houses.

The southern portion of the development is expected to include an indoor sports facility, commercial banquet facility, market-rate apartments, a 100-room hotel, public plaza with a splash pad, a bandshell and community green space.

The plaza and housing would provide a sustainable source of funding, activities and jobs for Mel’s Charities and adults with intellectual and developmental disabilities.

The development is intended to provide everyday services for people with disabilities in a way not seen elsewhere in the state, Ansay officials said.

They noted that 25% of the housing is intended for people with disabilities and the retail businesses that have signed letters of intent to move to the development have all committed to working with Mel’s Charities and hiring these residents.

Category:

Feedback:

Click Here to Send a Letter to the Editor

Ozaukee Press

Wisconsin’s largest paid circulation community weekly newspaper. Serving Port Washington, Saukville, Grafton, Fredonia, Belgium, as well as Ozaukee County government. Locally owned and printed in Port Washington, Wisconsin.

125 E. Main St.
Port Washington, WI 53074
(262) 284-3494
 

CONNECT


User login