Negotiations continue on the demolition plan of the Downtown Milwaukee County Transit Center and building a 44-story mix-use, The Couture apartment, hotel, and retail tower on the site near lake Michigan and adjacent parks. County officials are still negotiating with developer Rick Barrett on the sale of the existing site and facility, and don’t have a date to vote on the matter yet.
The challenge that Barrett faces is preserving the Milwaukee Parks as the Downtown Transit Center is part of lake Michigan and the Wisconsin Public Trust Doctrine protects it, rising the question of a potential law suite in the future, and whether the project could withstand it.
According to Rick Barrett comments, he is looking forward on a vote by county board soon to sell the land, as has multiple proposals from various companies guaranteeing the purchase of the Downtown Transit Center site for the redevelopment.
County executive Chris Abele’s also said that he is also working hard with Barrett to move the project forward. They are making the necessary steps in order to advance negotiation elements to keep the project moving in the right direction.
On the other hand, some board members are still stock on the thought of “Save our Parks” and decline to comment in the matter furthermore.
The project was also reviewed by the Milwaukee County Board’s Economic and Community Development Committee, but didn’t take any actions.
Reports by the County Board from early September of this year has indicated that an appraisal has been issued for the project studying the demolition cost of the existing buildings and site required to advance the project into the next phase. This appraisal should help ease the determination of the sale price of the property.