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Park Towne Development: News & Notes

Enjoy some fun this April Fool's Day!

 

Have a great weekend.

 

Joe 

Development News for the Week of:    3/24/2012 -  3/30/2012  

 

HO-CHUNK TRIBE TO MEET WITH CITY OFFICIALS TO DISCUSS EXPANSION PROPOSAL

 

Madison officials will meet Thursday with the Ho-Chunk tribe to discuss a long-delayed zoning agreement that could clear the way for a proposed 40-acre development including a hotel, convention center, amusement park, movie theater, restaurants and other businesses around the existing Ho-Chu...
 

MAYOR KICKS OFF $29.5 MILLION CENTRAL LIBRARY RECONSTRUCTION

 

With its cornerstone, books and furnishings removed, the Madison Central Library literally stands as a shell of its former self. On Tuesday, Mayor Paul Soglin and others kicked off a $29.5 million reconstruction of the worn shell that will bring a glassy, modern facade, a third-floor, new technology, more natural light and public space to create a state-of-the-art facility at the corner of North Fairchild and West Mifflin streets.

 

 

American Transmission Co. has narrowed the potential routes for a $425 million power line it will seek to build from Dane County to La Crosse. The Pewaukee power line company is proposing a 345,000-volt line that would stretch 150 to 170 miles, depending on the route selected. MATC has scheduled six open houses across the affected area next month.

 

 

Willy Street Co-op could one day have an East Washington Avenue location. The food store is in talks with Urban Land Interests, a Madison development company that wants to buy 4.5 acres in the 800 block of East Washington for a 160,000-square-foot commercial project.


Habitat for Humanity is opening a second store. The organization said Thursday it will open a 10,000-square-foot Habitat ReStore at 5906 Odana Road in July.


For the second month in a row, Dane County's Distressed Property Index was below 30 percent, in potentially good news for stronger future prices. The index reading in February was 28.4 percent, down from 30.8 percent in February 2011 and down from 29 percent in January, which marked the first time in the previous 15 months that the index had fallen below 30 percent.



 
 
 
 
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 Around the State and Points Elsewhere 
 

GREEN BAY 'BACK IN A GROWTH PATTERN'

 

The Green Bay metropolitan statistical area unemployment rate was higher for February than January, but so was the number of people with jobs.The state Department of Workforce Development said Wednesday the unadjusted unemployment rate for Brown, Kewaunee and Oconto counties was 7.3 percent, compared with 7.1 percent in January and 8.1 percent in February 2011.

 

$42.4 MILLION SCHOOL BUILDING PROJECT PROPOSED IN CAMBELLSPORT

 

Taxpayers in the Campbellsport School District are being asked to weigh in on the future of their schools . Superintendent Dan Olson said there are two major issues affecting students : enrollment has outgrown Campbellsport Elementary School and the middle school/high school is in dire need of renovations.



Wauwatosa-based Irgens Development Partners LLC is in discussions with U.S. Bank about developing an office building at the site of the annex parking garage, located southeast of the U.S. Bank Center at 777 E. Wisconsin Ave. in downtown Milwaukee.

 

 WEST MILWAUKEE TO HELP PREPARE SITE FOR RETAIL DEVELOPMENT

 

A vacant lot where an Aramark facility once stood, 1300 Miller Park Way, will be replaced by a 13,000-square-foot retail center, with the Village of West Milwaukee to pay just under $53,000 to relocate utilities at the site.

 

PANEL BACKS OAK CREEK'S PURCHASE OF 30 ACRES OF LAKEFRONT LAND

 

The Oak Creek Plan Commission last night recommended that the Common Council purchase 30 acres of lakefront land from Wispark LLC. The council is expected to take up the acquisition April 2. The panel unanimously agreed to recommend that the property, 9006 S. 5th Ave., be purchased from We Energies' real estate development arm for use as a public park. A purchase price was not disclosed.

 

 

Proposed changes to Milwaukee's historic preservation ordinance drew concerns, and calls for more time to discuss those changes, from several speakers at a public hearing Tuesday. However, most of those speakers were not members of the Common Council, which will have the ultimate say on whether to revise the ordinance. Critics at a special meeting of the Historic Preservation Commission said some of the changes would weaken protection for buildings considered historically and architecturally significant.

 

 

The investors group developing a new 200-room Marriott hotel in downtown Milwaukee plans to sell $45 million in tax-exempt bonds to help finance the project. Wisconsin & Milwaukee Hotel LLC plans to sell the bonds through the state Public Finance Authority. The Milwaukee Common Council's Steering and Rules Committee was to consider granting approval for the bond issue at its Wednesday meeting. But a Department of City Development spokesman said consideration of that item was being postponed until April's committee meeting.