A recent editorial defends the City of Milwaukee's slow pace regarding the redevelopment of the Park East corridor -- a prime area of downtown real estate reclaimed from a demolished freeway spur.
"The Park East corridor is packed with economic potential - the primary reason the freeway spur that once stood above it was torn down. So it's perfectly natural that some developers are growing increasingly impatient with city planning officials while motorists and others who pass by the area every day are probably scratching their heads wondering where all the cranes are."
"But city officials would be far more remiss, both from the standpoint of smart city planning and long-term economic strategy, if they didn't carefully consider how each proposal fits in with the Park East master plan and the city's overall economic policy."
"Considering how unique the Park East is - how many other cities can you think of where a stretch of perfectly good freeway was torn down to develop the prime real estate beneath it? - city officials are doing the right thing scrutinizing each proposal. They must [also] be judicious about providing financial assistance through tax incremental financing districts."
Read the full story: Editorial: Patience is a virtue, even in downtown Milwaukee
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