MUScoop

MUScoop => Hangin' at the Al => Topic started by: MUfan12 on May 20, 2022, 10:24:19 AM

Title: MU sells land for Entertainment Complex
Post by: MUfan12 on May 20, 2022, 10:24:19 AM
I had heard about this going back to the summer of 2020, but assumed the deal was dead. Glad they are able to offload this land for a fun use.

https://today.marquette.edu/2022/05/marquette-sells-11-acres-on-michigan-st-to-developers-for-new-sports-and-entertainment-district/
Title: Re: MU sells land for Entertainment Complex
Post by: The Hippie Satan of Hyperbole on May 20, 2022, 10:27:51 AM
So this will be the new competition field for men's and women's soccer and lax.  Very cool.  A lot of schools are looking more and more at these types of partnerships to fund further growth.
Title: Re: MU sells land for Entertainment Complex
Post by: TAMU, Knower of Ball on May 20, 2022, 10:29:08 AM
I had heard about this going back to the summer of 2020, but assumed the deal was dead. Glad they are able to offload this land for a fun use.

https://today.marquette.edu/2022/05/marquette-sells-11-acres-on-michigan-st-to-developers-for-new-sports-and-entertainment-district/

That's pretty cool. I didn't know Milwaukee was aiming for a professional soccer club. Great news for the MU soccer and LAX programs too
Title: Re: MU sells land for Entertainment Complex
Post by: Hards Alumni on May 20, 2022, 10:46:49 AM
Genuinely exciting news.  I guess we finally know where Tommy's donation went!
Title: Re: MU sells land for Entertainment Complex
Post by: The Lens on May 20, 2022, 10:51:24 AM
Sounds like the deal was brokered by Joel Pogodzinski, so this is really a win for Kevin O'Neill.


In all seriousness, this sounds like a great deal.  Nice work by President Lovell & Joel P.



Title: Re: MU sells land for Entertainment Complex
Post by: BrewCity83 on May 20, 2022, 10:55:02 AM
So is this going to be the new location for the indoor concert venue that was recently scrapped at the Summerfest parking lot?
Title: Re: MU sells land for Entertainment Complex
Post by: MUfan12 on May 20, 2022, 11:06:14 AM
So is this going to be the new location for the indoor concert venue that was recently scrapped at the Summerfest parking lot?

They're looking at the Bradley Center land for that. The venue with this development would be run by the Pabst Theatre Group.

I think MKE is getting close to, if not at, saturation point for concert venues, but we'll see how it goes.
Title: Re: MU sells land for Entertainment Complex
Post by: Skip Intro on May 20, 2022, 11:07:26 AM
I'd imagine they're aiming for a USL Championship team, which is a great league.  It'll be really good to have an outdoor stadium downtown, too. 

Title: Re: MU sells land for Entertainment Complex
Post by: Warrior of Law on May 20, 2022, 11:08:16 AM
From an MU perspective, this is an easy one.  Rent, don't buy.  Of course, that doesn't account for all of the effort/money that went into acquiring the land.  Regardless, having a top facility near campus is a great benefit to everyone.

From a soccer standpoint, this would fit right into the USL where Forward Madison plays.

Breeze Stevens, on the near east side of Madison is the home facility, and it hosts concerts, etc.  In fact, looking at the website, they have some really big acts coming.

https://www.breesestevensfield.com/

Title: Re: MU sells land for Entertainment Complex
Post by: BrewCity83 on May 20, 2022, 11:16:06 AM
They're looking at the Bradley Center land for that. The venue with this development would be run by the Pabst Theatre Group.

I think MKE is getting close to, if not at, saturation point for concert venues, but we'll see how it goes.

You are correct!  I just received an email from the Pabst Theater Group with a press release that contains this:

"Adjacent to the soccer facility will be a state-of-the-art 3,500-person indoor concert venue operated by one of the world’s premier concert promoters and the Pabst Theater Group in partnership with Kacmarcik Enterprises. The facility will host national touring acts 80-to-100 nights a year and more than 300 events a year in total.

“This amazing new venue is another rung on the Pabst Theater Group’s ‘artist and fan developmental ladder’ and will help artists to choose Milwaukee as a city to not only launch their careers but support them as they continue to return and as they grow," said Gary Witt, president and CEO of the Pabst Theater Group. "The location is a perfect fit for a concert venue. It has plenty of parking and easy access to trains, buses, and highways, and it’s only a stone’s throw from downtown. This is the right place for us to be, working alongside great partners like Kacmarcik Enterprises and Bear Development and getting to expand our venues’ potential in the same space as an exciting new professional soccer stadium. As an almost 20-year-old independent Milwaukee business, we are honored to carry the torch for live performances in Milwaukee into the future, along with other independent local powerhouses like The Rave, The Cactus Club, and Shank Hall.”
Title: Re: MU sells land for Entertainment Complex
Post by: Hards Alumni on May 20, 2022, 11:23:36 AM
From an MU perspective, this is an easy one.  Rent, don't buy.  Of course, that doesn't account for all of the effort/money that went into acquiring the land.  Regardless, having a top facility near campus is a great benefit to everyone.

From a soccer standpoint, this would fit right into the USL where Forward Madison plays.

Breeze Stevens, on the near east side of Madison is the home facility, and it hosts concerts, etc.  In fact, looking at the website, they have some really big acts coming.

https://www.breesestevensfield.com/

I've been to a couple of shows and a game, and it is a good time.  Parking sucks, so if you go, arrive early.

One other gripe is that the concert I went to the venue was fairly new and there was a line down the street of people just trying to get in.  Missed almost all of the opener standing in line... but at least I could hear it.
Title: Re: MU sells land for Entertainment Complex
Post by: Hards Alumni on May 20, 2022, 11:24:26 AM
You are correct!  I just received an email from the Pabst Theater Group with a press release that contains this:

"Adjacent to the soccer facility will be a state-of-the-art 3,500-person indoor concert venue operated by one of the world’s premier concert promoters and the Pabst Theater Group in partnership with Kacmarcik Enterprises. The facility will host national touring acts 80-to-100 nights a year and more than 300 events a year in total.

“This amazing new venue is another rung on the Pabst Theater Group’s ‘artist and fan developmental ladder’ and will help artists to choose Milwaukee as a city to not only launch their careers but support them as they continue to return and as they grow," said Gary Witt, president and CEO of the Pabst Theater Group. "The location is a perfect fit for a concert venue. It has plenty of parking and easy access to trains, buses, and highways, and it’s only a stone’s throw from downtown. This is the right place for us to be, working alongside great partners like Kacmarcik Enterprises and Bear Development and getting to expand our venues’ potential in the same space as an exciting new professional soccer stadium. As an almost 20-year-old independent Milwaukee business, we are honored to carry the torch for live performances in Milwaukee into the future, along with other independent local powerhouses like The Rave, The Cactus Club, and Shank Hall.”


This has to be bad news for The Rave and Turner Hall.
Title: Re: MU sells land for Entertainment Complex
Post by: Spotcheck Billy on May 20, 2022, 11:34:34 AM
This has to be bad news for The Rave and Turner Hall.

I imagine Pete Jest of Shank Hall is not pleased either
Title: Re: MU sells land for Entertainment Complex
Post by: Skip Intro on May 20, 2022, 11:35:21 AM

I think MKE is getting close to, if not at, saturation point for concert venues, but we'll see how it goes.

There's a capacity sweet spot for indoor, standing-room concert venues that only The Rave/Eagles Ballroom hits in Milwaukee right now.  A lot of performers (and fans) don't like The Rave and/or its management, so I have no doubt that this new venue will be very successful.  Turner Hall only holds about 1000 people, so Pabst Theater Group wouldn't be cannibalizing from its other venues. 
Title: Re: MU sells land for Entertainment Complex
Post by: Billy Hoyle on May 20, 2022, 11:36:51 AM
Cue the "MU is bringing back football" responses.

It will be nice to have soccer matches much more accessible to campus. What's next for Valley Fields? Indoor practice facility/bubble, perhaps?
Title: Re: MU sells land for Entertainment Complex
Post by: BrewCity83 on May 20, 2022, 11:40:46 AM
This has to be bad news for The Rave and Turner Hall.

Well, Turner Hall, no because they are part of the Pabst Theater Group.

The Rave, maybe.  But if the new proposed venue that was planned for the Summerfest parking lot ends up being delayed or scrapped completely because of this new venue, that's got to be good news for the Rave.  The previous new venue was planned by FPC Live, and it was alleged that they were actively trying to run the Rave/Eagles Ballroom out of business.  They had first unsuccessfully tried to buy the Eagles Club building, and when that failed, the Rave owners feared that FPC Live, as a giant national concert promoter, was trying to put both the Rave and the Pabst Group under.  So if FPC Live decides that this new Pabst Group-run venue will saturate the Milwaukee market, then maybe they will drop their plans for the Bradley Center lot, or wherever it is they're now looking.
Title: Re: MU sells land for Entertainment Complex
Post by: Skip Intro on May 20, 2022, 11:44:00 AM
I imagine Pete Jest of Shank Hall is not pleased either

Shank Hall only holds 300, so it's not competing for acts with this new venue.  The Rave is the only place I see losing bookings, and I don't even know if that'll be too significant.  I think you'll mostly see tours that otherwise would have skipped Milwaukee, which would be a win for everyone. 
Title: Re: MU sells land for Entertainment Complex
Post by: Dr. Blackheart on May 20, 2022, 12:08:46 PM
Sounds like the deal was brokered by Joel Pogodzinski, so this is really a win for Kevin O'Neill.


In all seriousness, this sounds like a great deal.  Nice work by President Lovell & Joel P.

So now that MU is dumping Valley Fields, the return to Warriors is within reach.
Title: Re: MU sells land for Entertainment Complex
Post by: Ardmore Mug on May 20, 2022, 12:20:10 PM
As for a Professional Soccer team, I have it on good authority, that Jrue Holiday's wife is seriously looking into being involved ($$$) in Soccer in the Milw area ! ! ! 8-)
Title: Re: MU sells land for Entertainment Complex
Post by: MUDPT on May 20, 2022, 12:47:28 PM
As for a Professional Soccer team, I have it on good authority, that Jrue Holiday's wife is seriously looking into being involved ($$$) in Soccer in the Milw area ! ! ! 8-)

Her name is Lauren Holiday.
Title: Re: MU sells land for Entertainment Complex
Post by: Hards Alumni on May 20, 2022, 12:52:51 PM
Well, Turner Hall, no because they are part of the Pabst Theater Group.

The Rave, maybe.  But if the new proposed venue that was planned for the Summerfest parking lot ends up being delayed or scrapped completely because of this new venue, that's got to be good news for the Rave.  The previous new venue was planned by FPC Live, and it was alleged that they were actively trying to run the Rave/Eagles Ballroom out of business.  They had first unsuccessfully tried to buy the Eagles Club building, and when that failed, the Rave owners feared that FPC Live, as a giant national concert promoter, was trying to put both the Rave and the Pabst Group under.  So if FPC Live decides that this new Pabst Group-run venue will saturate the Milwaukee market, then maybe they will drop their plans for the Bradley Center lot, or wherever it is they're now looking.

I have a many fond memories of The Rave, but I don't feel like they've put much (any) into the building in the last 25 years.

Am I wrong?
Title: Re: MU sells land for Entertainment Complex
Post by: Its DJOver on May 20, 2022, 12:55:25 PM
As for a Professional Soccer team, I have it on good authority, that Jrue Holiday's wife is seriously looking into being involved ($$$) in Soccer in the Milw area ! ! ! 8-)

I think Milwaukee could support an NWSL team.
Title: Re: MU sells land for Entertainment Complex
Post by: Herman Cain on May 20, 2022, 12:56:50 PM
Excellent development for MU.
Title: Re: MU sells land for Entertainment Complex
Post by: TAMU, Knower of Ball on May 20, 2022, 01:09:40 PM
I have a many fond memories of The Rave, but I don't feel like they've put much (any) into the building in the last 25 years.

Am I wrong?

If they did, they're not noticeable.

I'll always love the Rave for the nostalgia
Title: Re: MU sells land for Entertainment Complex
Post by: Skip Intro on May 20, 2022, 02:30:22 PM
If they did, they're not noticeable.

I'll always love the Rave for the nostalgia

They haven't, and that's why this new competition will be a welcome sight.  It was convenient as an MU student, but then you come to realize that all those "free" 2-drink minimum tickets were a way for the venue to make money without paying the artists. 

On the new stadium, this has to be a huge plus for MU soccer and lax recruiting.  Not many collegiate soccer teams get to play in a pro-level venue that is basically on campus. 

Finally, my apologies to everyone screaming "Superbar!" for this entire thread.
Title: Re: MU sells land for Entertainment Complex
Post by: 4everwarriors on May 20, 2022, 02:40:32 PM
So much for the on campus basketball venue, hey?
Title: Re: MU sells land for Entertainment Complex
Post by: BrewCity83 on May 20, 2022, 03:08:21 PM
I've been to two shows at the Rave in the past two months, and it's still a really cool old building.  They've cleaned it up a bit, added more bars, and have highlighted some of the awesome old architecture with lighting.  While I like all of the conveniences of new venues, the atmosphere in that old place can not be matched by a new venue.  And that is something worth preserving.
Title: Re: MU sells land for Entertainment Complex
Post by: Pakuni on May 20, 2022, 03:17:54 PM
Her name is Lauren Holiday.

Weren't her and Zach Ertz's wife teammates.
Title: Re: MU sells land for Entertainment Complex
Post by: BobWildLoyalist on May 20, 2022, 03:32:18 PM
This has to be bad news for The Rave and Turner Hall.
And the Riverside. Roughly same size capacity and bands will be looking to play the new venue. Although, you can not beat the Riverside. Cheap tall boys and cannabis friendly staff. Good times.
Title: Re: MU sells land for Entertainment Complex
Post by: BrewCity83 on May 20, 2022, 03:45:07 PM
And the Riverside. Roughly same size capacity and bands will be looking to play the new venue. Although, you can not beat the Riverside. Cheap tall boys and cannabis friendly staff. Good times.

The Riverside is also part of the Pabst Theater Group, so they won't be hurt by this deal either.  PTG runs the Pabst Theater, the Riverside, Turner Hall Ballroom, and the Back Room at Colectivo.  They're also booking the Miller High Life Theater (the old Milwaukee Auditorium), but I'm guessing that one may be put on the back burner when the new venue comes online.
Title: Re: MU sells land for Entertainment Complex
Post by: The Lens on May 20, 2022, 04:14:22 PM
So much for the on campus basketball venue, hey?

Ma and Pa were right, hey?
Title: Re: MU sells land for Entertainment Complex
Post by: 4everwarriors on May 21, 2022, 07:41:20 AM
Even a broken clock iz write twice a dey, aina?
Title: Re: MU sells land for Entertainment Complex
Post by: Daniel on May 21, 2022, 09:14:24 AM
Land is hard to come by for a campus like Marquette’s.  Wondering if the university just needed the money.  Could be an issue if they are strapped for money.  Hm
Title: Re: MU sells land for Entertainment Complex
Post by: The Hippie Satan of Hyperbole on May 21, 2022, 09:21:02 AM
Land is hard to come by for a campus like Marquette’s.  Wondering if the university just needed the money.  Could be an issue if they are strapped for money.  Hm

Marquette’s not strapped for money at all. It’s a piece of land that they acquired thinking they were going to do something with it, but decided against it. Now they are partnering with someone that is going to upgrade their soccer and lax competition facilities without having to raise money for a large, capital project.

Marquette owns a good portion of the properties west and north of campus. They aren’t lacking for space should they need it. But I don’t think they will. There won’t be much student growth over the next generation or two.
Title: Re: MU sells land for Entertainment Complex
Post by: Daniel on May 21, 2022, 09:25:12 AM
Marquette’s not strapped for money at all. It’s a piece of land that they acquired thinking they were going to do something with it, but decided against it. Now they are partnering with someone that is going to upgrade their soccer and lax competition facilities without having to raise money for a large, capital project.

Marquette owns a good portion of the properties west and north of campus. They aren’t lacking for space should they need it. But I don’t think they will. There won’t be much student growth over the next generation or two.

Thanks , Clarissa!
Title: Re: MU sells land for Entertainment Complex
Post by: warriorchick on May 21, 2022, 11:16:20 AM
From an MU perspective, this is an easy one.  Rent, don't buy.  Of course, that doesn't account for all of the effort/money that went into acquiring the land. 



I haven't seen any numbers yet, but so far, there's no reason to believe that they didn't turn a profit on this sale.  Even if they broke even or incurred a small loss, they did the smart thing by snapping up the land when it was available.  If they didn't, there might be something else built on that property that wouldn't necessarily benefit Marquette.
Title: Re: MU sells land for Entertainment Complex
Post by: Ardmore Mug on May 21, 2022, 11:23:29 AM
With this soccer and Lax field, what happens to Valley Field and the Dome ??  8-)
Title: Re: MU sells land for Entertainment Complex
Post by: Shooter McGavin on May 21, 2022, 11:25:15 AM
With this soccer and Lax field, what happens to Valley Field and the Dome ??  8-)

The announcement said the teams will still practice there.
Title: Re: MU sells land for Entertainment Complex
Post by: ChuckyChip on May 21, 2022, 02:37:20 PM
And the Riverside. Roughly same size capacity and bands will be looking to play the new venue. Although, you can not beat the Riverside. Cheap tall boys and cannabis friendly staff. Good times.

Just for reference, these are the capacities of the various concert venues (via Wikipedia).  The new building seems to fit in well with the Pabst groups other buildings, maybe more direct competition with the Eagles Ballroom (Rave):

Miller High Life Theatre - 4.086
Eagles Ballroom - 3,500
New Place - 3,500
Riverside - 2,450
The Rave Hall - 1,800
Pabst Theatre - 1,339
Turner Hall Ballroom - 987
Shank Hall - 300
Title: Re: MU sells land for Entertainment Complex
Post by: Billy Hoyle on May 21, 2022, 03:09:45 PM
With this soccer and Lax field, what happens to Valley Field and the Dome ??  8-)

Practice facility for SOC and LAX,, club sports, and intramurals.
Title: Re: MU sells land for Entertainment Complex
Post by: We R Final Four on May 21, 2022, 06:38:33 PM
Just for reference, these are the capacities of the various concert venues (via Wikipedia).  The new building seems to fit in well with the Pabst groups other buildings, maybe more direct competition with the Eagles Ballroom (Rave):

Miller High Life Theatre - 4.086
Eagles Ballroom - 3,500
New Place - 3,500
Riverside - 2,450
The Rave Hall - 1,800
Pabst Theatre - 1,339
Turner Hall Ballroom - 987
Shank Hall - 300
I imagine the new venue will be the horseshoe style similar to the Sylvee in Madison or the Roxy in Atlanta. Both relatively new venues. There are others that have sprung up recently over the country. General admission floor with limited seating upstairs. VIP section. Big bars in the back on both levels.
Eagles Ballroom sucks for both the band and the patron. Acoustics are terrible. Had better facilities in my high school.
Title: Re: MU sells land for Entertainment Complex
Post by: The Lens on May 23, 2022, 11:14:40 AM
This is like buying a distressed house next door to you, and then selling to a nice couple who wants to build the perfect home with a pool and have you over for pool parties. 
Title: Re: MU sells land for Entertainment Complex
Post by: ceh on May 23, 2022, 12:47:26 PM
From an MU perspective, this is an easy one.  Rent, don't buy.  Of course, that doesn't account for all of the effort/money that went into acquiring the land.  Regardless, having a top facility near campus is a great benefit to everyone.

From a soccer standpoint, this would fit right into the USL where Forward Madison plays.

Breeze Stevens, on the near east side of Madison is the home facility, and it hosts concerts, etc.  In fact, looking at the website, they have some really big acts coming.

https://www.breesestevensfield.com/

Breeze Stevens looks like a much improved facility. We played soccer there in the late 1990s and it was in rough condition.

Title: Re: MU sells land for Entertainment Complex
Post by: GOO on May 23, 2022, 01:04:09 PM
I assume that the Pabst group needs a new theater to keep up and compete against Live Nation new theater, now proposed for old BC land.

https://www.jsonline.com/story/money/real-estate/commercial/2022/05/23/fpc-live-pitches-new-concert-venue-milwaukees-deer-district-former-bradley-center/9885746002/
Title: Re: MU sells land for Entertainment Complex
Post by: Litehouse on May 23, 2022, 01:12:54 PM
I assume that the Pabst group needs a new theater to keep up and compete against Live Nation new theater, now proposed for old BC land.

https://www.jsonline.com/story/money/real-estate/commercial/2022/05/23/fpc-live-pitches-new-concert-venue-milwaukees-deer-district-former-bradley-center/9885746002/ (https://www.jsonline.com/story/money/real-estate/commercial/2022/05/23/fpc-live-pitches-new-concert-venue-milwaukees-deer-district-former-bradley-center/9885746002/)
So they want to build a new 4,000 capacity concert venue right next to another 4,000 capacity concert venue?
Title: Re: MU sells land for Entertainment Complex
Post by: The Lens on May 23, 2022, 02:36:03 PM
So they want to build a new 4,000 capacity concert venue right next to another 4,000 capacity concert venue?

There will be much more flexibility in this Live Nation facility as opposed to the High Life Theater.
Title: Re: MU sells land for Entertainment Complex
Post by: Skip Intro on May 23, 2022, 03:57:36 PM
There will be much more flexibility in this Live Nation facility as opposed to the High Life Theater.

I doubt that both the Live Nation facility and the Pabst Theater Group venue at the new stadium will come to fruition.  They're essentially the same size and (presumably) style. 

If I were to guess, I'd say the Pabst venture changes course a bit, because Live Nation has the funds and the sway in the industry nationwide.  Hopefully it's not enough to derail the stadium itself. 
Title: Re: MU sells land for Entertainment Complex
Post by: BrewCity83 on May 23, 2022, 04:53:40 PM
If I were to guess, I'd say the Pabst venture changes course a bit, because Live Nation has the funds and the sway in the industry nationwide.  Hopefully it's not enough to derail the stadium itself.

I was thinking the same thing...maybe one venue has permanent seating and the other is a general admission open-floor design?
Title: Re: MU sells land for Entertainment Complex
Post by: MarquetteMike1977 on May 23, 2022, 05:22:09 PM
Excellent development for MU.
Agree awesome development for Marquette University. Met one of the 2 main purchasers very late May 14th. Spoke briefly as we had to leave for New York very early May 15th. Wish we had more time. Great person very nice and kind.
Title: Re: MU sells land for Entertainment Complex
Post by: The Lens on May 23, 2022, 05:23:24 PM
I doubt that both the Live Nation facility and the Pabst Theater Group venue at the new stadium will come to fruition.  They're essentially the same size and (presumably) style. 

If I were to guess, I'd say the Pabst venture changes course a bit, because Live Nation has the funds and the sway in the industry nationwide.  Hopefully it's not enough to derail the stadium itself.

Gary Witt is no idiot.  He knew Live Nation was coming somewhere.  I think he's ready. 
Title: Re: MU sells land for Entertainment Complex
Post by: ZiggysFryBoy on May 23, 2022, 07:27:43 PM
Breeze Stevens looks like a much improved facility. We played soccer there in the late 1990s and it was in rough condition.

City of Madison and forward madison have pumped a lot or money into Breese.
Title: Re: MU sells land for Entertainment Complex
Post by: GOO on May 23, 2022, 09:48:50 PM
Gary Witt is no idiot.  He knew Live Nation was coming somewhere.  I think he's ready.
I think to compete, they have to have a modern facility to sell acts against Live Nation.
Title: Re: MU sells land for Entertainment Complex
Post by: TheGym on May 24, 2022, 10:26:06 AM
Practice facility for SOC and LAX,, club sports, and intramurals.

I am a bit surprised that the soccer teams have committed to play their games on turf.  The natural turf field in the valley is very good and MU has put a lot of money into it.  It is probably a small concession in order to get the deal done in the grand scheme of things.
Title: Re: MU sells land for Entertainment Complex
Post by: MUfan12 on May 24, 2022, 10:37:43 AM
I'm trying to work out how this is all gonna fit together. The renderings they put out yesterday show Lovell St. remaining as is, and the Ramada/old Herzing space left alone. The complex would be built on the west side of that street to 10th. Is that enough space for a stadium, theatre, hotel, and housing?
Title: Re: MU sells land for Entertainment Complex
Post by: warriorchick on May 24, 2022, 10:40:00 AM
I'm trying to work out how this is all gonna fit together. The renderings they put out yesterday show Lovell St. remaining as is, and the Ramada/old Herzing space left alone. The complex would be built on the west side of that street to 10th. Is that enough space for a stadium, theatre, hotel, and housing?

Apparently.
Title: Re: MU sells land for Entertainment Complex
Post by: Herman Cain on May 24, 2022, 10:57:12 AM
Just read the fine print. Looks like some low income housing is part of the deal. I wonder if that is going to be section 8 housing ?How will that go next to the proposed upscale hotel ?

https://urbanmilwaukee.com/2022/05/23/eyes-on-milwaukee-more-renderings-released-of-proposed-iron-district-development/
Title: Re: MU sells land for Entertainment Complex
Post by: The Hippie Satan of Hyperbole on May 24, 2022, 11:03:59 AM
Just read the fine print. Looks like some low income housing is part of the deal. I wonder if that is going to be section 8 housing ?How will that go next to the proposed upscale hotel ?

https://urbanmilwaukee.com/2022/05/23/eyes-on-milwaukee-more-renderings-released-of-proposed-iron-district-development/


I don't think it would be Section 8.  Likely part of this program. 

https://www.taxpolicycenter.org/briefing-book/what-low-income-housing-tax-credit-and-how-does-it-work

Basically this just makes sure that not every development is high-end rental.  And these types of developments are all over, mixed in with other projects so much that you likely don't even notice it.  I think a bunch of the development in West Allis for instance is part of this program.
Title: Re: MU sells land for Entertainment Complex
Post by: warriorchick on May 24, 2022, 11:46:00 AM

I don't think it would be Section 8.  Likely part of this program. 

https://www.taxpolicycenter.org/briefing-book/what-low-income-housing-tax-credit-and-how-does-it-work

Basically this just makes sure that not every development is high-end rental.  And these types of developments are all over, mixed in with other projects so much that you likely don't even notice it.  I think a bunch of the development in West Allis for instance is part of this program.

Also, some of those nice-looking newer apartments in River West.