By The Associated PressPublished Nov. 24, 2018 11:19:33A public transit agency in Wisconsin wants to sell the Milwaukee Public Markets grocery store, coffee shop and other businesses in the downtown core to raise more than $1 billion.
A deal between the Milwaukee County Board of Commissioners and the Milwaukee Municipal Transit Agency could make the retail, health and recreation center the latest major redevelopment in the city’s core, which has been hit hard by a lack of retail jobs since the Great Recession.MTA board members approved a $1,200 annual rent hike for the Milwaukee-area public transit system on Monday, raising the agency’s annual operating revenue by $400 million over the next two years.
It will also help fund new subway service.
The agency is seeking a $800 million loan to help pay for the redevelopment, and its board approved the deal on Tuesday, adding $200 million to the amount needed for the purchase of the mall.
The mall was slated to be torn down in 2021, but officials said they hoped to reopen in 2021.
Milwaukee Mayor Tom Barrett said he was happy to see the agency approve the deal, which will help boost the region’s overall economic outlook.
“I’m very proud that we got a $400-million loan to be able to complete this, and I’m very pleased that we were able to do it with the MTA board, because it’s important for the economy and the city,” Barrett said.
“We know this is going to be a boon for the region, for the taxpayers of Milwaukee, for Milwaukee County and for the people of the city.
We’re proud of it.”
The purchase of Milwaukee Publics will be one of several major redevelopment projects the Milwaukee Transit Authority will undertake over the coming years, including $4 billion for the West End and the development of a $20 million station at the intersection of Wisconsin Avenue and West Michigan Street.
The transit agency, which is one of five metro areas with publicly funded public transit, has about 40,000 riders per day, and the downtown area has lost nearly 100,000 jobs since it began service in 1992.
The transit agency has also struggled to attract and retain employees, many of whom have been laid off or laid off in recent years.
Milwauke Public Market, a popular spot for lunch and coffee, opened in 1988.
It had more than 1,500 employees, including sales, food and other service workers.
Milk Market has operated in the mall since 1992, and opened in 2007, before the recession.
Milwatka Public Market closed in 2021 amid financial woes.
The Milwaukee Public Service Authority opened the site in 2015, but had no plan to redevelop it.
The new MTSA plans to replace the building with a new facility.
Milweco Public Market opened in 1994 and has been the site of many public service projects, including the reconstruction of the Madison-Milwaukee Light Rail system.
Milwa Public Market has been home to Milwaukee’s biggest employer since the 1970s, when it moved to the former Milwaukee Municipal Railway.
Its employees include some of the state’s most skilled workers, including teachers, school bus drivers, security guards and firefighters.
Milworth Public Market and its sister public service markets in Milwaukee and Milwaukee suburbs have struggled to draw customers.
The shopping center has been struggling to fill its vacancy rate of about 1.5 percent, and last year opened a new location, in a strip mall.
The mall will have about 600 employees and a $2.5 million annual operating budget.
Milowatte Public Market is one reason the agency has struggled to retain employees.
It was built to serve the area’s fast-growing college students, and many of them moved to Milwaukee for the city and for jobs at nearby retailers such as Walmart.
Milwuamans grocery store opened in 1995, and now has 1,300 employees and $1 million annual budget.
The Mall of Wisconsin opened in 2014, and plans to add 600 more employees and build a new shopping center.
Milwan Public Market was built in the 1930s.
In 2010, the mall was sold to a developer who plans to redevelop the mall with restaurants, retail and residential space.
Milwych Public Market moved to a new site in 2016, but its occupancy rate is only about 6 percent.
The site will have 1,600 employees and an annual budget of about $3 million.
Milwitte Public Public Market will close in 2021 as a result of financial troubles, and it’s been in Milwaukee since 2002.
It closed in 2010.
Milwerke Public Markets was a public-housing project in the 1970’s, when the city built a subway system to connect Milwaukee with downtown.
The building, which had an entrance in the former site of the Westside Public School, was demolished in the 1990s to make way for a new development.
Milawattas retail complex was a community development program that opened in 1974. It’s