Milwaukee Tool TIF gets final approval
The Joint Review Board was unanimous in giving Milwaukee Tool its final approval last Wednesday.
The 5-0 vote approved a resolution that will provide Milwaukee Tool with $6 million in financial aid for its proposed $33.9 million expansion of its corporate headquarters via the city of Brookfield's sixth tax incremental financing (TIF) district.
The plan for the TIF calls for the city to spend a total of $8.4 million on the project including the cost of financing. The $8.4 million will be recouped through new taxes created by the project over a 15-year term.
Milwaukee Tool announced plans in November for the expansion, which will include a four-story, 250,000-square-foot office building. The company also says that the project will create up to 500 new jobs over the next 5 years. Milwaukee Tool has stated that the expansion is necessary in order for it to continue on its current pattern of growth, which includes an increase in employment in Brookfield from just over 200 to 775 and annual sales from $450 million to $2 billion in the last decade.
Company officials did note that without the TIF, the possibility of Milwaukee Tool relocating its headquarters elsewhere was greater.
Plan commission approves Swanson expansion
The city of Brookfield Plan Commission unanimously approved the Elmbrook School District's request for a conditional use permit and revised plan and method of operation relating to its plans for a 4,800-square-foot addition to Swanson Elementary School.
The expansion would increase the school's cafeteria size and also serve as a multiuse area and add gym space.
Elmbrook officials have been looking at a number of potential solutions for crowding issues at Swanson, including a cafeteria too small enough for all the students to eat in it even when divided between three separate lunch periods.
The project will next be reviewed by the city of Brookfield common council.
Expansion was among a number of proposals considered by the school board at recent meetings.
Grasch Foods re-opens as Sendik's
The newest Sendik's grocery store in the Milwaukee-area was set to open Wednesday morning with the official passing of the torch from Grasch Foods.
Last month, the Grasch family announced that it would be retiring from the grocery business after over 80 years and three generations.
Sendik's will take over the Grasch store at the northeast corner of Lilly Road and North Ave. and last month Bill Grasch said that he is confident in the ability of Sendik's to continue to provide the same level of service to Grasch Foods' former customers.
The new store will be open from 7 a.m. to 9 p.m. daily.