TID 12 wind-down and $1.4M shipyard transfer
Summary
Up to $1.4 million left over in the closing I-43 Industrial Park TID would go to the shipyard district, helping match a federal grant for the over-budget $12 million shipyard park phase two and cleanup of the old Badger Sheet Metal site.
At a glance
- Total mentions
- 2
- Last 30 days
- 0
Last discussed Jul 14, 2026.
Impact analysis
$1.4 million in surplus TID funds redirected to the shipyard, helping match $6 million in federal grants.
The shipyard redevelopment area, a lower-income census tract getting a park, fire station and affordable housing.
Mentions & discussions (2)
Redevelopment Authority - Jul 14, 2026
The I-43 Industrial Park TID is being closed out, but not before $1.4 million is shifted to the shipyard district for Shipyard Park Phase 2 and related costs. The termination goes to council August 18.
Tax Incremental Districts Joint Review Board - Jul 14, 2026
Up to $1.4 million left over in the closing I-43 Industrial Park TID would go to the shipyard district, helping match a federal grant for the over-budget $12 million shipyard park phase two and cleanup of the old Badger Sheet Metal site.
Related development
TID 12 — I-43 Industrial Park Allocation Amendment
Keeps the $12 million shipyard park project moving despite bids coming in about $2 million over estimate, in a lower-income part of the city.
TID 12 Allocation Amendment and Termination
Shipyard park improvements get funded; the long-running industrial park TID closes out on schedule.
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