Clean Rivers, Clean Lake 8 -- Business Successes on the Lower KK River -- Dave Ferron

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  • 1. Known investments:PDR $5.5 milllionHorny Goat $3.0 millionOther (est) $1.25 million $9.75 million2. New employmentImmediateFTE 65FutureFTE + 10 per year for next 5 yearsSeasonal + 1353. Higher and better use of the real estate
  • 1. Known investments:PDR $5.5 milllionHorny Goat $3.0 millionOther (est) $1.25 million $9.75 million2. New employmentImmediateFTE 65FutureFTE + 10 per year for next 5 yearsSeasonal + 1353. Higher and better use of the real estate
  • 1. Known investments:PDR $5.5 milllionHorny Goat $3.0 millionOther (est) $1.25 million $9.75 million2. New employmentImmediateFTE 65FutureFTE + 10 per year for next 5 yearsSeasonal + 1353. Higher and better use of the real estate
  • Clean Rivers, Clean Lake 8 -- Business Successes on the Lower KK River -- Dave Ferron

    1. 1. Business Successes on the Lower Kinnickinnic (KK) River Milwaukee, Wisconsin Dave FerronReal Estate Manager, Paul Davis Restoration Chairman, City of Milwaukee Business Improvement District No. 35
    2. 2. 09 / 16 / 2004
    3. 3. 02 / 28 / 2005
    4. 4. Early Involvement Efforts Began in Late 1990’sLocal Property Owners/Neighbors Milwaukee River Orgs City of Milwaukee WDNR and USEPA
    5. 5. Business Improvement District Special Assessment Districts of CityCreated By Petition of Commercial Owners Self-Established Budgets / Assessments Board Appointed by Mayor
    6. 6. Goals & ObjectivesEnvironmental Remediation Navigable Water Economic StimulusNeighborhood Revitalization Increased Property ValueDevelopment Opportunities
    7. 7. The $24 Million ProjectFederal Great Lakes Legacy Act $14.3MWisconsin’s Growing Milwaukee Initiative $7.7MWaterfront Property Owners $1.4MCity of Milwaukee $250KBusiness Improvement District $250K
    8. 8. AFTER 09 / 16 / 2004BEFORE
    9. 9. AFTERBEFORE
    10. 10. Economic Stimulus and Neighborhood Revitalization Waterfront Redevelopment Brownfield Development Job Creation Property Value IncreasesRe-establishment of Riverfront Businesses Neighborhood Improvements
    11. 11. Waterfront RedevelopmentPrivate Investments:Horny Goat & Marina $4.0 MPaul Davis Restoration $5.5 MOther (est) $2.5 M $12.0 M
    12. 12. Milwaukee Marine Paul Davis Restoration Restoration 40,000 SF Brownfield Redevelopment New Fishing Wharves and Restaurant, Sports Center, New Boaters Launch Ramp and Large Slips, River Tours Lounge, River Walk Vessel Dock and Slips Future Micro-breweryPier Milwaukee Rejuvanation
    13. 13. Economic Stimulus and Neighborhood RevitalizationNew Restaurant / Pub and Sports Complex River and Brewery Tours Planned Microbrewery Pub
    14. 14. Horny Goat Pub / Restaurant / Sports Center Milwaukee’s Newest Waterfront Destination
    15. 15. Horny Goat Pub / Restaurant / Sports Center• 50-seat outdoor bar• 68 umbrella tables• 3 fire pits• Stage for live music• Enclosed beach volleyball courtsthat converts to winter ice rink• River boardwalk with 10 slips• River tours
    16. 16. Horny Goat Pub / Restaurant / Sports Center
    17. 17. Horny Goat Pub / Restaurant / Sports Center
    18. 18. Brownfield Redevelopment New 40,000 SF Building on Adjacent 3.5 Acre Former Brownfield Site
    19. 19. Former AELCO Foundry at 1966 S. 4th St. Brownfield Redevelopment New Development Under Construction
    20. 20. Job Creation / New EmploymentImmediate 69 FTE 150 SeasonalFuture 50 FTE (10 per year for 5 years)
    21. 21. Milwaukee Marine Paul Davis Restoration Restoration 40,000 SF Brownfield Redevelopment New Fishing Wharves and Restaurant, Sports Center, New Boaters Launch Ramp and Large Slips, River Tours Lounge, River Walk Vessel Dock and Slips Future Micro-breweryPier Milwaukee Rejuvanation
    22. 22. Economic Stimulus andNeighborhood Revitalization Additional Piers/Slips New River Walk Plans River Tours Boater’s Lounge Fisherman’s WharvesIncreased and Improved Boat Storage
    23. 23. Economic Stimulus andNeighborhood RevitalizationCity of Milwaukee Southeast Side Plan Adjacent Property Improvements Interchange Improvement Planning Street Improvements Established Long Term Planning
    24. 24. Business Successes on the Lower Kinnickinnic (KK) River Milwaukee, Wisconsin Dave FerronReal Estate Manager, Paul Davis Restoration Chairman, City of Milwaukee Business Improvement District No. 35

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