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The upshot River Falls Holdings has high hopes for the project. That includes attracting an estimated 160,000 people to the area each year as well as benefits such as increased property values and job creation, according to a city staff report. The city would put forward around $3.7 million for bridge and street maintenance, utilities, potential property acquisitions and other related expenses. The development will have a taxable value of more than $10 million and generate enough revenue through tax incremental financing to pay for project costs within 25 years, according to the project plan. Site details The 76,000-square-foot Shopko building on Paulson Road has been vacant since the big box retail chain declared bankruptcy in 2019. City staff described the site and attached parking lot as “aging,” and makes a bad first look for the high traffic area entering the city.

River fallsUnited statesSam wesselCity councilRiver falls holdingsCity council chambersWisconsin department of revenuePlan commissionFairview health servicesProject mustangJoint review boardWisconsin departmentFalls holdingsRiver fallPaulson roadFairview health