More than a year later, the Common Council has signed off on an exclusive right to negotiate with Rule Enterprises LLC, one of two entities to respond to a second RFP.
Developer Brandon Rule is proposing to demolish the existing structures and construct an affordable housing development on the site. The project has a $17 million preliminary budget and one of the primary funding sources is Wisconsin Housing and Economic Development Authority low-income housing tax credits. Applications for the program are due by mid-December, with an announcement expected in 2019.
