At Tuesday's meeting, the Sturgeon Bay Common Council heard from the developer of a major apartment complex that is being planned to be built on North 14th Avenue. Brian Spoerl from Spoerl Commercial, LLC informed the council how WHEDA, TIF, and tax credits would help fund the projected $12.6 million cost for the initial 39-unit housing complex in phase one of The Avenue project. Spoerl said the affordable housing rentals would be available to people in the 30 percent to 60 percent of the median income in Door County.
Council member and Finance Committee Chair Dan Williams says the federal project will meet a significant need in the community.
Spoerl says plans are to develop a total of 59 housing units after the phase two project is completed. After discussion, the Sturgeon Bay Common Council unanimously approved the Memorandum of Understanding with Spoerl Commercial and adopted the resolution with two motions. The meeting ended with Mayor David Ward’s report and wrapped up in 30 minutes.
(Rendering of The Avenue project by Spoerl Commercial)
