Reed Street Yards

On November 30, 2011, the Milwaukee Common Council approved Amendment No. 1 to the Reed Street Yards Tax Incremental District (TID No. 75).  This $6.2m investment will provide the necessary funding to redevelop the Reed Street Yards into a water research and technlogy park, adjacent to the proposed Milwaukee Water Council Accelerator Building.  More information regarding the TID can be found in Council File No. 090688 and the Development Incentive Zone (DIZ)/Zoning information can be found in Council File No. 091060.

 

Rendering of the Milwaukee Water Council Accelerator Building

 

TID Goals TID Funding
 
• Create an urban Water Research and Technology Park
 
• Provide public infrastructure
 
• Assist in the remediation of brownfields
 
• Create or retain jobs
 
• Provide investments for water-related companies
 
• Increase the tax base
 
• Implement a catalytic project of the Near South Side Plan
 
• Increase public access to the Menomonee Canal and connect to the Riverwalk
 
• Eliminate obsolete conditions and blighting influences

The TID will be used to assist in funding:

            • Public Infrastructure and Riverwalk ($3,582,370)
 
• Environmental Remediation, Stormwater and Site Work ($2,281,400)
  
• Business Improvement District Loan ($354,000) 
 
 
 

 

Interested in the Reed Street Yards?

Contact Dan Casanova
Phone: 414-286-5921
Email: dcasan@milwaukee.gov 
 

 

City of Milwaukee
Office of Mayor Tom Barrett

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