Wausau is scaling back parking requirements for a long-vacant downtown building as redevelopment plans move forward — but not without debate over costs, access and public investment.
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Wausau is scaling back parking requirements for a long-vacant downtown building as redevelopment plans move forward — but not without debate over costs, access and public investment.
The latest on the 11 Scott St. redevelopment in Wausau:
The debate, which lasted more than an hour, underscored deep divisions on the council over how to balance downtown revitalization with fiscal restraint.
Developers bought the roughly $8M Riverside Place property for just $250,000. Now they’re asking the city for $750,000 in taxpayer support. The proposal heads to the Wausau City Council on Tuesday.
Developers seeking to convert the upper half of a downtown office building into apartments are asking the city for nearly $1 million in taxpayer assistance – a request likely to renew debate over Wausau’s use of public subsidies for private development.