There have been some exciting developments regarding a proposal from the owners of Bayshore.  It is encouraging to see significant investment, up to $75 Million, to finish modified plans for the property.  Work on the north and east ends was never finished by the prior owners.  There was a large gap where Sears used to stand, and where Boston Store closed.  The atmosphere of this prominently located North Shore meeting place was not what it used to be. 

The outstanding city debt on the existing Tax Incentive Financing (TIF) District will now be paid off by the owners of Bayshore. Rather than the taxes from the TIF district going to pay down the city's debt on the property, it will be provided back to the developers to reimburse them for their investment. This rewards them for their added development.

The improvements we have seen maintain the same mixed use objective, albeit adjusted more towards residential and commercial than retail to align with the times. The apartments are finished and most lots developed. Unfortunately, many storefronts are still vacant, though I see it as a reflection of our continued shift away from retail. My hope is that we will see progress as community based venues move in such as Buchanan’s and Backlot having fun entertainment options.   

More details on the Glendale website from the following Community Development Authority meeting: http://www.glendale-wi.org/AgendaCenter/ViewFile/Agenda/_11152018-373