Wauwatosa defers UWM campus vote to Sept.
The Wauwatosa Plan Commission on Monday deferred until next month a decision on whether to dedicate $12 million to support a new University of Wisconsin-Milwaukee campus.
City officials are considering paying to build roads and utilities on an undeveloped 88.9-acre site where the UWM Real Estate Foundation Inc. has proposed building Innovation Park, which includes university buildings, private housing and a research park. The city would create a tax incremental financing district to pay for the $12 million in infrastructure construction costs.
The TIF district would let Wauwatosa borrow money for the projects, and then pay off the debt using increased property taxes from new development on the land Same day payday loans.
The Wauwatosa Plan Commission held a public hearing on the proposal on Monday night, but unanimously voted to table the proposal until Sept. 13 to gather more information, said Nancy Welch, Wauwatosa community development director.
If the Plan Commission approves the proposal on Sept. 13, the Wauwatosa Common Council could vote on the plan during its Sept. 21 meeting.