The Whitefish Bay Village Board voted 6-1 Monday night to approve the transfer of two parcels in Whitefish Bay to Shorewood.
The two lots are part of the former Mobil gas station site at the corner of Oakland Avenue and Kensington Boulevard. WiRED Properties, which owns the site, sought to consolidate the land in order to simplify its redevelopment to a mixed-use retail and apartment building.
By detaching the land from Whitefish Bay and making it part of Shorewood, the property would be incorporated into a tax-incremental finance district in Shorewood, making the entire site eligible for TIF funding.
In approving the detachment, the board agreed to accept $104,748 from Shorewood, the assumed loss of projected tax revenue for the two lots for the next 150 years.
The Shorewood Village Board still needs to approve the deal.
- Shorewood's Cloud Red softly opens its doors (1)
- Police looking for man who sexually assaulted woman in Shorewood
- Shorewood students get 'once in a lifetime' opportunity to meet celebrity alumni
- Shorewood students get buzz cuts for cancer
- Video: Summer fun in suburban Milwaukee
- Shorewood officials reflect on economic growth (2)
- Shorewood High School presents 'South Pacific' this weekend
- Shorewood must be the place for artistic inspiration
- Shorewood 5k combines brunch, running
- Shorewood gives $100,000 grant to new restaurant (5)