The Village Board voted to purchase just over 33 acres of commercial real estate in the Woodland Prime office park at a deep discount. The land purchase is part of the village’s overall strategy for development within that office park, which is also a taxing district created last fall.
It’s created some buzz once again in the Woodland Prime office park, which would likely be the location of a new Kohl’s headquarters – should they choose to stay in Falls.
The village will pay $24,526 per acre, or $821,621. According to Waukesha County tax data that land is worth $158,920 per acre. When Village Manager Mark Fitzgerald inks the deal, the village will have obtained the land for roughly 1/6 of its value.
Read more in Menomonee Falls Patch, a media partner of BizTimes Milwaukee.
