TIF District – Economic Opportunities
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Dyer Business Park
VILLAGE OF CRIVITZ
TAX INCREMENTAL DISTRICT No. 1
District Creation & History
TIF No. 1 was created on 9/17/01 as an “Industrial” TIF. The expenditure period is 18 years, and the maximum life of the district is 23 years, or until 9/17/2024. The district basically encompasses property on both sides of the USH 141 corridor, as well as a few blocks east of the highway along Hall Avenue to the railroad tracks. An additional parcel of land was added to the district in 2005 to facilitate the Chaikowski project. The district was created to promote and enable economic growth.
Dyer Business Park
The Village of Crivitz purchased the property lying northwest of the intersection of USH 141 & CTH A/W from the John Wojtkiewicz family in 2004, with the intent of creating a retail business park. The goal of the park is to promote development by providing improved properties at a reasonable price to developers. The park is named in honor of the first Village President, Paul Dyer. Another street in the park is named in honor of past Village President, Mary A. Wisner. Development of the property includes roadway construction, curb, gutter, storm sewer, sidewalks, on-street parking, street lighting, electric, natural gas and municipal water and sewer.
The village was awarded a Site Assessment Grant and a Community Development Block Grant/Public Facilities for Economic Development grant in the combined amount of $240,000.00. The district will contribute approximately $389,000.00 to the project, for a total project cost of approximately $629,000.00. Ayres & Associates of Green Bay engineered the project, and construction contractors included Barley Excavating, Jossart Brothers and the Marinette County Highway Department. Infrastructure construction is nearly completed, with Mira Avenue road improvements scheduled for August, 2007, by Potts Construction.
Completed businesses in the park include Lakes Construction, Carriveau Insurance Agency, Pine Cone Home Decor, Java Lodge, and Carquest Crivitz Auto Parts, Unique Transitions Salon & Spa, Crivitz Family Dentistry and Falling Waters Winery. (See photos below)
There is currently 1 lot available for purchase in the park. The purchase price of this lot is $15,000.00, with the developer to be refunded $5,000.00 upon completion. The available lot is approximately 0.7 acres. The minimum value of improvements the developer must make on this remaining lot, including real and personal property values, is $250,866.00. This minimum value assures that the amount of tax revenue generated by the development will be sufficient to pay debt service on the portion of the infrastructure project attributable to the lot.
Dyer Business Park Photos