Wisconsin Record
Milwaukee
Monday, November 2, 2026
High PriorityTaxes Budgetopen

TIF expansion for 100 East Wisconsin housing conversion

Summary

The downtown office-to-apartments conversion costs jumped $21 million, so the developer is asking for $2.2 million more in TIF and a 20-year term. Because it's a developer-financed TIF, taxpayers aren't on the hook if the project fails — the risk stays with the developer and lenders.

At a glance

Total mentions
1
Last 30 days
0

Last discussed Feb 24, 2026.

Impact analysis

💰Financial impact

$2.2 million more in TIF support plus $40,000 administration, on top of $14.4 million originally approved.

✅Who benefits

Future renters, including 75% rent-restricted units, and the developer's financing gap.

⚠️Who could be affected

Tax base recovery is deferred until increment flows; Ald. Coggs dissented.

Mentions & discussions (1)

MeetingFeb 24, 2026approved

ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE — February 24, 2026

The downtown office-to-apartments conversion costs jumped $21 million, so the developer is asking for $2.2 million more in TIF and a 20-year term. Because it's a developer-financed TIF, taxpayers aren't on the hook if the project fails — the risk stays with the developer and lenders.

Related development

approved

TID No. 127 Amendment No. 1 — 100 East Wisconsin

Additional TIF spending supports the downtown tower project; two alderwomen objected over subsidy levels and housing trust fund priorities.

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