May 25, 2017
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NOW: 53°
HI 57 / LO 50

Two Kenosha County housing projects receive state tax credits

Pleasant Prairie, Paddock Lake developments to benefit


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BY JILL TATGE-ROZELL
jrozell@kenoshanews.com


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Kenosha-based Bear Development was awarded $1.35 million in state tax credits for housing projects in Paddock Lake and Pleasant Prairie.

S.R. Mills, vice president of Bear, said he hopes to start construction on both projects by fall.

“The goal is to create high quality housing for those with low to moderate income,” Mills said.

Wisconsin Housing and Economic Development awarded:

n $601,175 toward development of Eva Manor, at Springbrook Road and 91st Street, in Pleasant Prairien $749,508 toward development of Whitetail Ridge, at highways 50 and F, in Paddock Lake.

Eva Manor is planned to have 42 units for seniors and eight family townhomes. Development cost is estimated to be $7.9 million.

Whitetail Ridge is planned to have 50 units for seniors and 10 family townhomes. Development cost is estimated to be $9.7 million.

In both developments, the units for seniors will have one to two bedrooms, while the townhomes will have up to three.

Mills predicted the units will be ready for occupancy by the fall of 2018.

In Pleasant Prairie, the development will be located on the site of a former strip mall.

Mills worked with the village and the state Department of Natural Resources to remediate the contamination on the property in preparation for the development. It is part of an environmental Tax Increment Financing District.

The Paddock Lake development is a partnership between the village and Bear. The village put an option on the 3.9-acre parcel after it was lost to the bank and sought developers for a senior housing project. It assigned the option to purchase for $200,000 to Bear.

“The region needs this type of senior housing development,” Paddock Lake Administrator Tim Popanda said.

Popanda said the village will assist Bear by paying for road, sewer and water infrastructure for the development with Tax Incremental District funds. Some special assessments on the property will also be waived.

Village president Terry Burns said it is the first project contingent on municipal water in that area of the village. He anticipates it will spark more development parallel to that water system.

“This is certainly going to fill a housing need we have,” Burns said. “We have lacked this for the longest time.”


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