Wausau committee considers proposal to sell land in Business Campus

Green Tree Construction Moves Forward with Residential Project in Wausau’s Business Campus: Boosting Tax Revenue and Providing Affordable Housing Options

The Business Campus in Wausau is home to a construction company known as Green Tree Construction. The company, based in Stevens Point, plans to develop four residential lots on 6 acres of city-owned land that is surrounded by wetlands and located east of 72nd Avenue.

The Economic Development Committee in Wausau will meet to discuss the potential sale of this property to Green Tree Construction. Half of the land, approximately 2.9 acres, will be given for free as it is deemed undevelopable. The remaining 3.1 acres will be sold at $38,750, which is based on the standard per acre price for the Business Campus, which is $12,500.

Green Tree Meadows subdivision was approved by the Wausau City Council in March after receiving preliminary plat approval from the Capital Improvements and Street Maintenance Committee and the Plan Commission in February. This residential project would be an extension of previously approved single-family homes in the area.

By selling this land to Green Tree Construction, Wausau stands to gain additional tax revenue once it is added to the tax roll. Randy Fifrick, the Economic Development Manager, stated that this decision would address an issue with city-owned wetlands in the Business Campus and provide much-needed housing options for residents of Wausau.

Overall, this decision marks an important step towards promoting economic development and providing affordable housing options for families in Wausau.

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