Winter weather advisory for Sheboygan County until 9pm

“It’s prime real estate:” After land in Park East Corridor sold to Bucks, two plots remain open for bids

This is an archived article and the information in the article may be outdated. Please look at the time stamp on the story to see when it was last updated.

MILWAUKEE -- Milwaukee County Executive Chris Abele, Milwaukee Bucks President Peter Feigin and leaders from the construction and trade industry in Milwaukee were present on Wednesday, September 9th when a land sale was announced related to the Bucks downtown arena. Land in the city's Park East Corridor has been sold to the Bucks for $1. But that sale does not include two plots in the Park East Corridor, along Water Street.

Park East Block 22 is still open for bids, as part of the rolling (request for proposals).

Park East Block 22

Park East Block 22

Block 22 consists of two plots, totaling just over two acres along Water Street near Ogden in downtown Milwaukee.

"It`s prime real estate," Tracy Johnson, president and CEO of the Commercial Association of Realtors said.

It's also the last portion of property in the Park East Corridor which remains available for development.

Park East Block 22

Park East Block 22

"What`s really great about this land is you`ve got lots of development already around it," Johnson said.

But if you're interested in this land, you should also be educated about it.

"There was a major freeway on this land. You just don't know what's under there. You`re really talking about a proposal. You`re talking about what is the investment in the land?" Johnson said.

With no minimum bid requirement, Johnson says the $1 price for the land sold to the Bucks may be misleading.

"When you talk about selling it for a dollar, you have to consider all the other things that go into considering that proposal," Johnson said.

From remediation costs to job creation, Johnson says the consideration is comprehensive. Proposals are accepted and reviewed monthly by the unidentified members of a committee.

"They will consider them based on a scorecard -- and they will make a decision whether to hold it or whether to move it forward," Johnson said.

Johnson says any viable development proposal for Block 22 is welcome.

Park East Block 22

Park East Block 22

She adds that the "rolling request for proposals" doesn't have a definite term, so if you're interested, you're advised to get more information.

Proposals are due the first Monday of every month beginning August 3rd, 2015 to the County Clerk’s office, 901 N. 9th Street, Room 105 in Milwaukee.

CLICK HERE for more information on Block 22.

4 comments

  • dick

    They should of given the taxpayers the land for free and charged the Bucks full price for the arena! More typical BS in milwaukee!

  • joe

    so they tore down all those building what 10yrs ago for this big plan to make money and clean up downtown to sell it for a dollar . just like what happen on old 43 street . buy out everyone wait 10-30yrs sell it to your friend for a dollar

  • Wilson

    What a joke on milwaukee. Selling that land to the greedy billionares for $1.00, because it wasn’t enough for them to have the taxpayers of Wisconsin contribute $250 million for their new gymnasium. How stupid can mayor mccheese and county exec abley be??? Loser democrats giving away tax dollars so the billionaires don’t have to pay. Makes sense to me…

Comments are closed.