The City of Sturgeon Bay is looking to help you find additional housing options on the city’s southern end. The Sturgeon Bay Common Council will discuss two proposals to offer financial incentives for Duquaine Development and Premier Real Estate Management (Pre-3) Development to build apartment units near Target.
The Pre-3 Development would include 96 high-end apartments with attached garages to be built between Duluth Avenue and Target on the former 13.1-acre Wallace parcel. A $1.5 million developer-financed TIF loan from the city is on the table to jumpstart the project.
The Duquaine Development would be located between Sawyer Drive (Oak Street) and Target and include 64 units. The city offered a financial incentive package of $750,000, of which $275,000 would come from the city’s American Rescue Plan Act funds. The other $475,000 is intended to come from the affordable housing fund being developed by extending Tax Increment District (TID) #1 by one year. TID #1 encompasses the Sturgeon Bay Industrial Park, which consists of businesses that would benefit from the increase in housing.
You can read more about the projects ahead of Tuesday’s 6 p.m. meeting by clicking this link. Documents related to the projects begin on page 49.
