(Beaver Dam) The Beaver Dam mayor is excited to see several new businesses opening in the area. Marshalls opened its doors on Thursday; the ribbon was cut on Five Below on March 26th; and Ross’s Dress for Less is slated to open sometime this fall. All are in the Heritage Village Mall. Mayor Becky Glewen says following the closure of the Boston Store, a TIF district was created to prevent blight in the mall and help bring in big name stores.
Glewen says a blight elimination TIF allows a municipality to capture the tax revenue from new growth inside the district and hold those dollars instead of dispersing it to the county, local schools, or the city. She says those funds can then be utilized to incentivize other projects inside the TIF or within a half-mile radius. Once a TIF closes, the other taxing entities benefit from the increased revenue from the improvements while your average taxpayer has a lesser burden when the levy is set.
Friday, on WBEV’s Community Comment, Glewen told us the downtown blight-elimination TIF has also been very productive, funding revitalization grants which – among other things – helped contribute to the opening of a new restaurant franchise: Great Harvest Bread Company.
Pictured Left to Right
Ambassadors Glenna Bachim – RE/Max Prime, Sarah Ferree- Ooga Brewing Company, Kristina Haensgen – Moraine Park Technical College, Alyse Talaga – Summit Credit Union and Emily McFarlane – Remedy Staffing, Kris Leaver – Your Pets Forever, Mayor Rebecca Glewen, Todd Hedberg- Heritage Village Mall, Ambassadors Andy Magurs – SOS Construction, Donn Winkler, Five Below Wisconsin Market District Manager, Ambassador Kraig Kasten – Genesis Computers, Shirley Kitchen – Heritage Village Mall, Ambassadors Ric Fiegel – McKinstry’s Home Furnishings, Melissa Haessly, American Bank, Chris Connaughty – American Bank, Cassandra Schmidt – Modern Woodmen of America, Karen Gibbs – Church Health Services and Lisa Hedberg – Heritage Village Mall