KC Hall property may get new life
By City Times staff
MARSHFIELD – The site of Marshfield’s former KC Hall might get new life. The Marshfield Common Council voted Oct. 22 to authorize staff to enter into an agreement with Redevelopment Resources of Madison for the creation of a tax-incremental financing district across the KC Hall lot at the southwest corner of West Upham Street and North Fig Avenue.
Development Services Director Josh Miller told the council last that Redevelopment Resources specializes in helping communities fund, predict and measure effective redevelopment and development projects.
“One of the services we would be asking them to provide would be to create the TIF district,” Miller said. “The other service that we approached them about would be doing a financial analysis and advisory services for a specific development project. This would give us a good understanding of what type of incentive, if any, the city is willing to participate in; making sure that it is the best deal for the city and that it will have a good return on investment, and that we will be able to fund it through any improvements in the TIF district.”
Miller said the city has been approached by a developer about a specific project.
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