Business Campus land sale proposal under consideration by Wausau committee

From Undevelopable to Inhabitable: Wausau’s Economic Development Committee Meets to Sell City-Owned Land for Residential Development

On Wednesday, the Economic Development Committee of Wausau will meet to discuss the potential sale of 6 acres of city-owned land at the Business Campus to Green Tree Construction. The property, located on the east side of 72nd Avenue, is surrounded by wetlands and has been deemed undevelopable by city officials.

Green Tree Construction, based in Stevens Point, has proposed creating four residential lots on half of the parcel at no cost. The remaining 3.1 acres are priced at $38,750 based on the standard per acre price of $12,500 for the Business Campus. This price includes the value of the wetlands on the property.

Randy Fifrick, Wausau Economic Development Manager, explained that by selling this land for residential development, the city hopes to provide much-needed housing while generating tax revenue. The Green Tree Meadows subdivision was approved by the Wausau City Council in March following approvals by various committees and commissions in February. This residential development will be an extension of previously approved single-family homes in the area.

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