Forty Jobs To Be Created By Tire Distributor

City officials say 40 jobs will be created when and are asking the Common Council to approve financial assistance for a developer to help ensure the building is completed.

The council will consider a measure Tuesday to provide $300,000 in assistance - through a tax-incremental financing district - that would support development of a .

TIF districts allow developers or municipalities to borrow money and then repay the loan using the increased tax increment generated from the development. 

The assistance in this case would go toward grading and sanitary and storm sewer extensions, according to a report to council members.

In addition to the job creation, it's estimated the building will be worth $4.9 million when it's finished. The property is last undeveloped parcel in the Oak Creek Commerce Center.