WUWM
Milwaukee Tool plans to renovate this building in downtown Milwaukee and eventually locate up to 2,000 employees in the space.
A potential $20 million financial package to help the company Milwaukee Tool renovate a vacant downtown Milwaukee building and eventually locate up to 2,000 jobs there is moving ahead, but not without some controversy.
The Redevelopment Authority of the City of Milwaukee unanimously approved a Tax Incremental District (TID) for the project Thursday. Under that designation, Milwaukee taxpayers would provide the grant and city officials would count on increased property taxes and values for repayment.
Screenshot A rendition of the Milwaukee Tool building, as shown during Thursday s Redevelopment Authority meeting.