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Tax Incremental District (TID) No. 3 - Donor TID

Tax Incremental District (TID) #3 in the Village of Kewaskum represents an important step in addressing challenges within the southeastern portion of the Village. Spanning approximately 36.83 acres, this mixed-use district was established to support both residential growth and economic stabilization in an area requiring significant investment and redevelopment.

While progress is being made, TID #3 also plays a crucial role in alleviating the financial burden of the distressed TID #2 by dedicating surplus revenues to its recovery. This approach reflects the Village's commitment to responsibly addressing existing challenges, fostering community growth, and ensuring a stronger, more sustainable future for residents and businesses alike.

Key Points

Donor TID Status:

  • TID #3 was created and amended to become a donor TID, to support TID #2, a distressed industrial district.
  • The amendment allows TID #2 to reduce its deficit.

Residential Duplex Development:

  • A significant component of TID #3 is the planned development of five residential duplexes, expected to contribute $2.7 million in incremental property value by 2022.
  • This residential project complements the district’s mixed-use purpose, aiming to boost housing availability and attract new residents to the Village.

Economic and Community Benefits:

  • The duplexes are expected to provide housing opportunities, increase the Village’s tax base, and generate secondary benefits like increased business activity and employment opportunities.

Developments Since TID #3 Creation:

  • Residential Duplexes:

    • Two additional duplexes have been constructed, expanding the initial residential development.
    • These duplexes further enhance the housing stock in the district and contribute to incremental property value growth.
  • Graduation Ink Expansion:
    • Graduation Ink, a local business, expanded its operations within TID #3, boosting economic activity and increasing property values in the district.
  • Future Plans
    • TPK 2023 LLC has entered into an agreement with the Village to ensure the future full buildout of TID #3, supporting long-term development and financial growth.
TID #3 Project Plan
TID #3 Project Plan - Amendment