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NAIOP Wisconsin provides op/ed to Capital Region Business Journal
Cap Regional Biz Journal Aug 09

WDNR Provides info regarding Redeveloping Brownfields
WDNR Redeveloping Brownfields

Wisconsin State Budget Signed on June 30

Governor Doyle used his veto power to change many provisions impacting our industry. One of the items in the budget relates to the State Prevailing Wage ( AB75-Final-6-29-09). A few highlights of the final language includes:

  • Now defines “direct financial assistance” as money in various forms, including TIFs and BIDs, but not IDBs;
  • Creates an exception for the Milwaukee Riverwalk District;
  • Exempts residential property that receive grants (the Governor vetoed an owner-occupant requirement);
  • Exempts affordable housing projects that contain a mixed use component (the way the Governor used his veto on this, it seems to require a retail, office or commercial component);
  • Exempts projects that receive less than $1 million in direct financial assistance; and
  • Sets an effective date of January 1, 2010, but doesn’t seem to “grandfather” TIFs or BIDs that exist on that date.

NAIOP WI Submits Letter to State Legislature Regarding Budget
The NAIOP Board of Directors sent a letter to the State Legislature and political press regarding the impact of many budget provisions on our industry.

Irgens Submits Letter to Congressional Oversight Panel Appearing at UWM Regarding the Effectivness of TARP
Congressional Oversight Panel Letter on Credit Crisis & Small Business Lending

Six-Pack for Breakfast
Thank you to all who attended the Six-Pack for Breakfast on June 10th at the Italian Conference Center. The event was attended by nearly 100 people. We hope that all attendees found the presentation informative. Attached below are the presentations from each of the speakers.

NAIOP is no longer the National Association of Industrial and Office Properties. We are simply NAIOP, the commercial real estate development association effective January 1, 2009!! Click HERE here for the Press Release.