A review panel Tuesday raised concerns about the viability of a proposed $37 million Town of Brookfield public financing plan intended to help spur The Corners, a major retail-office-housing development proposed by The Marcus Corp.
The Marcus Corp. has been working with town officials on a sweeping plan to raze the former Menards, Marcus West Pointe Cinemas, a strip mall and Applebees, and build the 320,000-square-foot complex on 19 acres northeast of the I-94 exit at Barker Road.
Representatives of Waukesha County, the Waukesha School District and Waukesha County Technical College questioned whether the ambitious project, which would include Wisconsin’s first Von Maur store, could generate enough tax revenue to pay for $37 million in tax incremental financing (TIF) by a 2028 deadline.
The five-member panel has to sign off on the creation of the taxing district, which is a key part of the plans for the project.
Read more in Brookfield Patch, a media partner of BizTimes Milwaukee.
