.

City Plans Purchase Of Lakefront Land

Oak Creek eyes purchase of former Peter Cooper Glue Factory site at 9006 S. 5th Ave. as part of lakefront redevelopment plan.

The city of Oak Creek plans to acquire a 30-acre parcel at 9006 S. 5th Ave., land along the lakefront that was once occupied by the Peter Cooper Glue Factory.

The city and Wispark, the development arm of We Energies, have been negotiating the purchase of lakefront property north of for some time as part of the efforts to transform the area into a mixed-use development.

The Milwaukee Journal Sentinel reported Monday that Wispark closed on a purchase of 80 acres at the lakefront for $2.3 million. Wispark would then sell the 30 acres to the city; the price has not yet been disclosed.

The Oak Creek Plan Commission will discuss the purchase and make a recommendation to the Common Council, which is expected to vote on the measure April 2.

According to a report to Plan Commission members, environmental investigations and remediation are ongoing. The long-term stability of the bluff is also under review.

The report also says grant funding could potentially cover 50 percent of the acquisition cost.

While a mix of residential, retail and commercial uses are planned, Oak Creek officials say a public park , which could happen in late 2012 or 2013.

In addition to the lakefront, Wispark is involved in the redevelopment of the former Delphi site and a future business park near Howell and Oakwood.

Mr.Ed March 27, 2012 at 12:09 PM
What is Wispark going to do with the remaining 50 acres???
Resident of O.C. Paul March 27, 2012 at 12:42 PM
Why is the city looking at buying land, they have a city hall, fire station and library to build. After that they have to tear down the old buildings and clear the land that the city hall, fire station 1 and library were on to make way for a high school expansion that will add a freshman only wing to the high school. These projects take money. Where does the city plan on getting the money for all of these projects? Besides, why should the city have to buy land it already controls. This property hasn't been used in years, the city should have declared Eminent Domain, and taken it back...it is city land after all. Landowners only hold a title of deed granted by the city to use that land, and the city can if necessary take the land away from the owner if the land has been abandoned or vacated by eminent domain. I love how Wis Park/WE Energies think that they own Oak Creek.
Mark Schaaf March 27, 2012 at 12:56 PM
nothing specific has been proposed yet but the idea is some kind of a mix of retail, commercial, housing and public spaces.
Schmootzie P March 27, 2012 at 01:01 PM
I sure would love to see something happen there. It is such a waste there now with the abandoned factories.I walk that area now, and have noticed some good things happening.
Resident of O.C. Paul March 27, 2012 at 01:54 PM
It is prime lake front real estate, and it would be nice to see something better than apartments on the site. A tastefully done condo development with some new homes and some retail/entertainment businesses in the area would be nice, but there also has to be stronger housing and job markets to support such a project. Construction jobs that go away after the projects are done without more projects on a construction company's books to follow leads to layoffs and people having no way to pay their bills mortgages or leases, and minimum wage jobs don't allow a person the ability to afford a condo, house or apartment with rent above $500/month, so we have to consider that in the planning strategy. This project...any project Oak Creek is considering undertaking has to be planned carefully. The markets have to be there to support them otherwise the projects will become financial failures, and the city, it's taxpayers and developers will lose a lot of money, and buildings and land will once again sit vacant.
BringBackOakCreek09 March 27, 2012 at 02:08 PM
Dont count on condos, the market is dead weight. The home market is dead until the economy recovers which could be awhile yet. Im more worried about filling existing neighborhoods that are not filled with homes yet. our best bet would be to find some clean energy business or business interested in water research/development for the peter cooper site. If not for the recent vote on moving city hall to delphi, i d say the city was interested in moving the city hall and library over too the lake by this random buyout of this land and all this land swapping. Have to love our council, day before the election, Our city council decides to spend all this money.. back door oak creek politics like usual.
Dan Vitek March 27, 2012 at 02:32 PM
why dont we just sell we-park the rest of the city then we wont have to pay taxs and listen to the lame excess from the aldermen when the city is broke
Resident of O.C. Paul March 27, 2012 at 02:49 PM
I know what you are saying. My parents have been residents of Saint Francis for 48 years, my oldest brother has been a resident of Saint Francis for 15 years, and I moved from Saint Francis to Oak Creek over 3 years ago, and I know just how well the condos are selling in Saint Francis, which isn't good, pretty stagnant condo market considering the condos are on the lake front (magnificent views), but there is little retail and entertainment businesses around...not any that are upscale anyway...businesses that would attract the condo crowd.
Resident of O.C. Paul March 27, 2012 at 03:03 PM
As long as they change the name of the city to: Wis Park, Wisconsin or Weenergies, Wisconsin
Mike in OC March 27, 2012 at 03:34 PM
It would be nice if Catepillar stepped up with some $$$$ on the proposed lakefront park development with that location being so close to South Milwaukee and it's relationship now with Oak Creek as well as it's long time tie to SM.
Resident of O.C. Paul March 27, 2012 at 03:48 PM
Even some land put up for commercial development would be a good thought.
vocal local 1 March 27, 2012 at 04:09 PM
The Peter Cooper portion that WisPark plans to keep is proposed :"office park". I'm concerned over the city buying the lakebluff property the most expensive to develop and WisPark again getting the cream. The 2.3 million WisPark paid has come out of the PTF money. Essentially, the city is paying the buck so why does WisPark again hold deed? Remember, as of the deed transfer, we pay WisPark as project manager's five grand per month but there isn't any project manager agreement. If WisPark had for instance a committment from Kohls I could support this plan but again your city fathers are betting on a bird in the bush not a bird in the hand. VOTE THEM OUT.
concerned citizen March 28, 2012 at 02:48 AM
@Paul, I think you've missed the part about no final plans have been made, therefore, either have the costs. Assumptions lead to rumors, you're off to a good start!
Resident of O.C. Paul March 28, 2012 at 12:46 PM
@Concerned citizen, I read the article, and was just voicing questions, concerns and opinions in an open forum, and adding to what others have said throwing in some food for thought...
Chris Trejo July 10, 2012 at 06:00 AM
I understand that my opinion will get me no where, but I wish that the abandoned glue factory would be made into a place for young artists like me to use the facility to make beautiful art. I recently took a visit to the factory with a few friends and what I saw was unbelievable. There was extravagant pieces of art on every surface. I have never seen anything like it. Some may say that graffiti is vandalism but this factory has been transformed into a truly amazing piece of artwork. It would be very unfortunate to see a place like this disappear and be replaced by apartment complexes. They are spending millions to buy the property, and they are going to spend even more tearing it down. I know that probably no one will see this, but I would just like to voice my opinion. I would rather have a designated graffiti zone for people rather than getting in huge trouble for vandalizing

Boards

More »
Got a question? Something on your mind? Talk to your community, directly.
Note Article
Just a short thought to get the word out quickly about anything in your neighborhood.
Share something with your neighbors.What's on your mind?What's on your mind?Make an announcement, speak your mind, or sell somethingPost something