Wisconsin Rapids City Times

Top Menu

  • Contact Us
  • E-Editions
  • Business Directory
  • Subscribe

Main Menu

  • News
    • Around the County
    • Government
  • Covid 19
  • Community
    • Community Calendar
  • Sports
    • Sports News
    • High School Sports Scores
    • Wisconsin Rapids Rafters
    • Wisconsin Rapids Riverkings
  • Arts & Entertainment
  • Obits
  • Opinion
  • Classifieds
    • View Ads
    • Place Ads
  • Legal Ads
    • Our Legals
    • Statewide
  • Contact Us
  • E-Editions
  • Business Directory
  • Subscribe

logo

Wisconsin Rapids City Times

  • News
    • Around the County
    • Government
  • Covid 19
  • Community
    • Community Calendar
  • Sports
    • Sports News
    • High School Sports Scores
    • Wisconsin Rapids Rafters
    • Wisconsin Rapids Riverkings
  • Arts & Entertainment
  • Obits
  • Opinion
  • Classifieds
    • View Ads
    • Place Ads
  • Legal Ads
    • Our Legals
    • Statewide
Community
Home›Community›Future of Triangle Development Discussed by City Leaders

Future of Triangle Development Discussed by City Leaders

By Julie Schooley
October 24, 2017
933
0
Share:

By Joe Bachman
Editor

WISCONSIN RAPIDS — The future of the downtown triangle redevelopment was the centerpiece of discussion by city leaders and business owners on Monday night.

The city hosted a casual dinner with business representatives from the area at Karen’s Wines & Steins, including those from Incourage, the Heart of Wisconsin Chamber of Commerce, Family Natural Foods, and more. Joining them was Ted Matkom, Wisconsin Market President for Gorman & Company — the firm who has tentatively agreed to work with the city to develop the triangle area into commercial and retail space.

A tentative layout of a commercial and retail building that could be developed in the current triangle space. (Photo: Gorman & Company) *click to enlarge

Outlined in the initial city proposal included the development of multi-use/multi-story buildings, mixing office space with retail space, growing the tax-base for the area, and to provide pedestrian-friendly features, among others.

“It’s really fun when you have a public-private partnership like we’re experiencing here tonight,” said Matkom to the many in attendance. “We’re all trying to figure out what is a cool use for the bottom of that triangle parcel that we have.”

Matkom is referencing the 6,075 of sq. feet dedicated to the development of retail space. Current tentative plans for the project will have multiple housing units, which would be connected to said retail space, and could contain anything from restaurants, shopping centers, or various local markets.

Costs for the project would be lowered from subsidies through a state tax incremental finance program, (TIF) in which the debt for such development would be paid through the property taxes of the project itself over 20 to 40 years.

“We’re proud to have Gorman on board as an experienced developer interested in the Wisconsin Rapids market,” said Mayor Zach Vruwink.

After a casual dinner, attendees were invited to take a walk around the property, hopeful to see groundbreaking as early as February of 2018. For more information, check out City to Continue Discussion with Potential Triangle Area Developer

 

TagsFeatured
Previous Article

Police & Sheriff Calls for Oct. 23

Next Article

Aspirus to Hold Open Interview Day for ...

0
Shares
  • 0
  • +
  • 0
  • 0
  • 0
  • 0

Related articles More from author

  • Top Stories

    Three reappointed to MSTC Board

    April 11, 2015
    By admin
  • Top Stories

    WRPD Looking for a Little Help

    April 11, 2015
    By admin
  • Top Stories

    Nekoosa Students Place in Business Competition; Team Takes Third

    April 16, 2015
    By admin
  • Editorial

    Inviting New Readers, Long-Time Supporters to Take a New Journey with Us

    April 16, 2015
    By admin
  • Top Stories

    NEW: Riverview Discontinuing Rapid Care Services

    April 17, 2015
    By admin
  • Lincoln High School
    Top Stories

    Red Raiders’ Fall Sport Signup Dates

    April 26, 2015
    By admin
Copyright © 2020 Multi Media Channels LLC.
All Rights Reserved. No part of this publication or any of its contents may be reproduced, copied, modified or adapted without the prior written consent of Multi Media Channels LLC.
×