Twenty-five acres of farmland on Madison’s east side may soon become more than 1,000 new units of housing, including 20% for high-demand, affordable housing.
But fulfilling those plans could rely on an unusual, tax-funded deal brokered this year by the property’s developer and city leaders.
The city has essentially agreed to designate the Milwaukee Street property a special tax district and then buy part of the property with increased taxes generated by its development. While most of the property could turn into market-rate homes, the city’s part would be reserved for affordable units...
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RSK: That site has been up for development for quite some time. Good to see some progress starting to take shape.
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- - Volume: 25 - WEEK: 30 Date: 7/22/2025 7:08:38 AM -