[CPEO-BIF] Gilbert Paper site, Menasha, Wisconsin

[Lenny Siegel <lennysiegel@gmail.com>]

Developer-financed TIF key to Gilbert site project in Menasha

Despite denial of brownfield grant, hopes still high for development

By Michael King
Appleton Post-Crescent (WI)
June 28, 2007

MENASHA - Hopes for an $875,000 brownfield grant to help demolish the 
former Gilbert Paper mill have been dashed for now but the developer and 
owners still want to proceed.

City officials are proposing creation of a new tax incremental financing 
district for the 16-acre site between Ahnaip Street and a north channel 
of the Fox River below the Menasha dam.

On Wednesday, the city Plan Commission and Menasha Redevelopment 
Authority reviewed the proposed TIF No. 11 and development agreements 
for a $1.4 million office building, demolition of the former paper mill 
buildings, renovation of the lower level of the law office at 430 Ahnaip 
St. and refurbishing of the former mill's warehouse.

The new TIF will be developer-financed and markedly different from 10 
other city TIF districts due to the city's current financial constraints.

Under the proposal, developer Randy Stadtmueller of Gilbert Development 
Co. and the property owners will borrow money up front, not the city.

...

For the entire article, see
http://www.postcrescent.com/apps/pbcs.dll/article?AID=/20070628/APC0101/706280552/1003/APC01

--


Lenny Siegel
Director, Center for Public Environmental Oversight
c/o PSC, 278-A Hope St., Mountain View, CA 94041
Voice: 650/961-8918 or 650/969-1545
Fax: 650/961-8918
<lsiegel@cpeo.org>
http://www.cpeo.org


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