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Bishops Creek Community Development Corporation
"Redeveloping Lives, Inspiring Solutions, Restoring Community"

RECENT NEWS!!!!!!!!!!!! !!!!!!

  • The WI Department of Commerce contributed a $750,000 Brownfield award for environmental
    remediation of the site.

  • The City of Milwaukee contributed $480,000 for the residential scattered site portion of the project.

  • The City of Milwaukee contributed $335,000 in Tax Increment Financing

  • The City of Milwaukee awarded $250,000 from the Housing Trust Fund which will go towards the affordable housing phase.

  • Portions of the Bishop's Creek Revitalization Zone have been designated as a Targeted Investment Neighborhood (TIN) which will assist in capturing additional funds for the Revitalization Zone.

  • The City of Milwaukee has designated Bishop's Creek Project the northern perimeter of the 30th Street Industrial Corridor. As a partner in this "Corridor" initiative, Bishop's Creek is a vital portion of the newly designated "Greenlight District" which will give a "green light" on use of tax increment financing (TIP) and other economic development tools.

  • WHEDA also awarded the Bishop's Creek project over $750,000 in Low Income Housing Tax Credits in 2008 for the construction of the Phase I family housing units.

2010 Milestones
Major Site:

  • Demolition: Site Demolition Completed

  • Environmental Remediation: Site environmental remediation completed

  • Office/Retail/Hotel: Rehab of the multi-story office/retail/hotel building to begin soon

  • Student Dormitory: Renovation of the 5 story, 25 student dormitory has commenced in earnest. Project completion is projected for Winter 2010.

  • "Apartment Complex": Three story, 55 unit apartment complex is completed. Occupancy underway.

Residential Housing:

  • Property #1:    Rehab property located at 3423 Hampton Ave. completed and on sale

  • Property #2:    Rehab property located at 3621 Hampton Ave. near completed and on sale

 
 

 

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