Rizzo Development Group plans to develop an industrial park on a 26-acre site at 21200 Gumina Road in Brookfield owned by Spectrum Development LLC. The site is just east of Capitol Airport and Jake’s restaurant.
Under the development proposal, the city of Brookfield would provide $2.6 million in tax incremental financing to support the development of the industrial park.
When fully developed, the industrial park could have up to 320,000 square feet of buildings.
“Brookfield has a significant amount of industrial space, but most of it is dated,” said Dan Ertl, the city’s director of community development.