The Press

Main Menu

  • News
    • Allouez
    • Ashwaubenon
    • Bellevue
    • Brown County
    • De Pere
    • Green Bay
    • Howard
    • Hobart
    • Suamico
    • Seymour
  • NEW News Lab
  • Sports
    • Ashwaubenon
    • Bay Port
    • De Pere
    • Green Bay East
    • Notre Dame Academy
    • Green Bay Preble
    • Green Bay Southwest
    • Green Bay West
    • St. Norbert College
    • West De Pere
    • Seymour
    • High School Sports Scores
  • City Pages
  • Obituaries
  • Subscribe
  • Contact Us
  • Classifieds
    • Place Ad
    • View Ads
  • Legal Ads
    • Our Legals
    • Statewide

logo

The Press

  • News
    • Allouez
    • Ashwaubenon
    • Bellevue
    • Brown County
    • De Pere
    • Green Bay
    • Howard
    • Hobart
    • Suamico
    • Seymour
  • NEW News Lab
  • Sports
    • Ashwaubenon
    • Bay Port
    • De Pere
    • Green Bay East
    • Notre Dame Academy
    • Green Bay Preble
    • Green Bay Southwest
    • Green Bay West
    • St. Norbert College
    • West De Pere
    • Seymour
    • High School Sports Scores
  • City Pages
  • Obituaries
  • Subscribe
  • Contact Us
  • Classifieds
    • Place Ad
    • View Ads
  • Legal Ads
    • Our Legals
    • Statewide
AshwaubenonNews
Home›News›Ashwaubenon›Review board approves TIF 5 expansion

Review board approves TIF 5 expansion

By The Press
April 12, 2018
986
0
Share:

Re-evaluation to be factored into district

By Kevin Boneske
Staff Writer

ASHWAUBENON – Expanding the village’s Tax Incremental Financing No. 5 district boundary with 13 additional parcels received final approval Tuesday, April 3, by the Joint Review Board, which consists of representatives of each of the property taxing entities in Ashwaubenon and a public member.

Village Manager Allison Swanson said the amendment, which would be effective retroactive to Jan. 1, will be submitted to the Wisconsin Department of Revenue after the re-evaluation of the village is completed this summer to include this year’s property values.

She noted the village has until October to submit the amendment to the DOR for it to be effective for the first of this year.

The amendment will add lots to the north of the district near the intersection of Lombardi Avenue and South Oneida Street in the area where the Brown County Veterans Memorial Arena is located and a new expo center is proposed.

It will also add lots to the south along Holmgren Way extending to Cormier Road in an area where the new baseball stadium is planned for the Green Bay Bullfrogs, which is planned for parcels 10 and 11.

The project plan for the district amendment estimates approximately $141 million in additional property value will be generated through 2041 over the life of the TIF district, which is located between South Oneida Street and South Ashland Avenue.

Tax revenue raised from new property value created in the TIF district would be able to be used for public improvements made in the district, such as road or utility work. Instead of the additional property tax revenue having to be split among the various taxing entities in Ashwaubenon, that money could go toward paying off the TIF debt.

Assessor Mike Denor said the TIF application will be based on the equalized value of the district upon completion of the re-evaluation, which will be used to calculate the base value of the parcels added in the amendment prior to new developments taking place.

Facebook Comments
Previous Article

Jaguars Softball improves to 4-0 on season

Next Article

Local teacher pens literacy book

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

  • Sports

  • wellness

    Breaking down barriers

    By The Press
    March 25, 2023
  • The play cast

    ‘Tick, Tick… Boom!’
    Local actors take the stage in explosively popular musical

    By The Press
    March 24, 2023
  • Green Bay Packers Mentor-Protégé Program

    Green Bay Packers recognize Mentor-Protégé participants

    By kleonhardt
    March 20, 2023
  • Long time teamwork

    Seniors led with class, unselfishness

    By The Press
    March 24, 2023
  • A woman among women

    By The Press
    March 24, 2023
  • Alex Petasek

    Nicolet National Bank Senior Spotlight: Alex Petasek, Preble baseball

    By kleonhardt
    March 21, 2023

About Us


The Press Times is published every Friday by Multi Media Channels, and is Green Bay's number one newspaper covering local news and local sports. The paper is locally owned and operated and written. Subscriptions are $54.00 annually. Delivered via US Postal Service. To subscribe go to https://www.shopmmclocal.com/product/the-press-newspaper/ or call 715–2 58–4360

Copyright © 2022 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.
×