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Milwaukee's Daily Magazine for Monday, July 28, 2014

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Forbes finds Milwaukee an "emerging Downtown"

Downtown Milwaukee is the economic, civic, cultural and entertainment heart of the state of Wisconsin.  So, it's good news that today Forbes finds our Downtown as one of 15 "emerging downtowns" in the United States.

Others on the list include Denver, Louisville, Des Moines and El Paso.

Here’s what Forbes had to say about Milwaukee:

"The Milwaukee community first turned its sights to downtown in 1988 with the RiverWalk initiative. In the decades since, the city passed zoning changes to encourage developers to erect more housing in the area. In 2002, with the help of $45 million in government funding, the city dismantled the mile-long elevated Park East freeway and replaced it with a landscaped boulevard. According to the Congress for New Urbanism, per-acre land values within the freeway footprint had surged 180% by 2006 from 2001. Since 2000, the downtown population has increased by nearly 26% compared to the greater city of Milwaukee, which has experienced an overall decline. Jobs in the area increased by nearly 4% from 2000 to 2010, and the median income of downtown households has climbed by 38% since 2000, compared to 2% for the city overall, according to Milwaukee Downtown organization."

The list was associated with a story by reporter Morgan Brennan about young professionals. Milwaukee has several of the most engaged and fastest growing young professional organizations in the country.

Talkbacks

writerlizlincoln | March 26, 2013 at 1:22 p.m. (report)

Nice to see Milwaukee's urban renewal getting the kudos it deserves. My dad is a senior VP with Mandel Group and has worked on reviving downtown as long as I can remember. Makes me proud to see stories like this.

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