May 18, 2015

On May 18th we send our Champion BlueJay's out into the world in style.  Just before graduation the City of Menasha will give honorary street names around the stadium in recognition of their achievements.



 

Championship Lane and Korth Way will remind us of their achievements, sportsmanship, and commitment to their school and community.

 

Go BlueJays!

The Menasha Common Council will consider a development agreement Monday to cement a proposal for a new eight story $12 million office tower downtown which I consider transformational for the downtown economy.
 
The new building will complement Faith Technologies current corporate headquarters creating a campus with 325 new employees in addition to their current employment. The first level of the building will house a Community First Credit Union branch as well as the business offices of Lang Dental. It is estimated that salaries of those working in the building will exceed $18 million annually and provide over $53 million in economic impact in the region.
 
The project enjoys broad support of the business community.  Menasha residents are expected to realize benefits associated with the new employment opportunities as well as the growth and diversification of Menasha’s economic base.
 
This project is expected to be the economic engine that helps move Menasha to a new state of economic stability and will spawn renewed interest in Menasha as a place for people to live, work, and do business.
 
Fifteen members of the community are working together to bring this new project to the downtown, citing their desire to strengthen the community and ensure the vitality of the downtown for years to come as their reason to invest. The city is to partner by assisting with higher redevelopment site costs expected to be $1.75 million as well as providing additional parking needed for the influx of employees the project will bring. A 300 space $4.8 million parking ramp is proposed to be constructed in a portion of the Broad St. parking lot. Costs will be funded through tax increment that the City would not have realized if the project didn't exist. As has been the case with our most recent agreements, this agreement is structured as a developer financed model where incentives are paid only after performance levels are met on an annual basis. This minimizes the risks to City taxpayers while still supporting and deriving the benefits of the development for the community.