Wausau Economic Development Committee Meeting Pt.2 - 6/2/26

The City of Wausau Economic Development Committee met on June 2, 2026, to discuss various economic development initiatives and property disposition strategies. Key procurement-related topics included the review and approval of residential infill property disposition programs for parcels on East Thomas Street, with a motion passed to direct these parcels for disposal through the city's program. The committee also considered a request for interest (RFI) response from Eminent Development for a mixed-use apartment complex on North Second Street, including potential Tax Increment Financing (TIF) assistance. The committee voted to instruct staff to continue negotiations with the developer toward a term sheet and to provide site access for due diligence. Additionally, the committee discussed releasing easements with Canadian National Railway Company, involving a $5,000 fee to clear prior property encumbrances. Discussions emphasized marketing strategies for city and private industrial properties, housing development challenges, and leveraging public-private partnerships to stimulate job growth and housing availability.