Development Concept: River Parkway, Wauwatosa Village
This development concept suggests a public-private partnership to rezone an underutilized City-owned property, incentivize targeted private investments, expand popular recreational amenities, repair neighborhood connections and generate new public revenue
Complications: Public ownership; political headwinds; the value of the site to stormwater management in and around the Menomonee River
Opportunities: Expanding popular public amenities; making better use of maintained but unused greenspace; re-linking neighborhoods to the central Village; adding a strategic product to the local housing market; reducing municipal costs while creating new public revenues
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Related resources and public documents:
Building Small: A Toolkit for Real Estate Entrepreneurs, Civic Leaders and Great Companies by Jim Heid and the Urban Land Institute (2021)
