The Chippewa Falls City Council is considering options for a growing Lake Wissota Business Park.
In a closed session Tuesday evening, the council was slated to discuss possible plans for other land options in the city.
“A lot of businesses are moving in, and we’re going to run out of properties for development,” Mayor Greg Hoffman told the Herald Tuesday. “So we need to be looking what are our options for other land within the city.”
Though no plans have been made, the city is exploring the possibility of creating a tax-increment financing (TIF) district, Hoffman said. Annexing land or working with developers are also options the mayor said the city could consider.
Regardless, Hoffman emphasized, everything is preliminary in an effort to prepare for a possibly full future at Lake Wissota Business Park.
“I just feel that we need to begin the process, because all the sudden one day we’re going to wake up, and we’re not going to have anything anymore,” Hoffman said. “But this is a good position to be in; you like to fill your industrial park.”
The recent creation of a Chippewa Falls “economic opportunity zone” by Gov. Scott Walker, along with economic success on the city and county level, has city planner Brad Hentschel feeling optimistic.
“We thought it’d be a wise choice to look at inventory and see where to go next,” Hentschel told the Herald Tuesday.
Tax-increment financing is an option, he said, and the city is exploring the option of creating another TIF district near Seymour Cray Boulevard — but plans remain preliminary.
“I think it behooves us to take some action to check things out and see what we have to do,” Hoffman said.
In other city news:
- Some Chippewa Falls residents living on Greenville, Main, Linden and Maple streets may see a nearby alleyway repaved within the next few months, after 80 percent of the neighbors signed a petition asking the city to do so.
- The city also recognized Police Week from May 13-18, and is honoring its only fallen officer, Donald G. Spike. Spike, a World War II veteran, was killed in the line of duty in 1950 at the age of 43, Hoffman said. The Chippewa Falls Police Department will hold a ceremony Friday at 1 p.m. at the department, 210 Island St., honoring Spike’s service, police chief Matt Kelm said.