First Business

April 18, 2013

Northwestern Mutual TIF district up for vote next week

Milwaukee aldermen next week will consider the up to $69.6 million tax incremental financing district for Northwestern Mutualâ;€™s planned downtown office tower and improvements to lakefront infrastructure.

Northwestern Mutual plans to demolish its office building at 800 E. Wisconsin Ave. and replace it with a roughly 840,000-square-foot office tower estimated to cost at least $300 million.

The city TIF district would offer Northwestern Mutual a $48 million incentive for the project. The incentiveâ;€¦;

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