Milwaukee's commercial real estate developers are becoming increasingly frustrated by the lack of progress in the redevelopment of the Park East Corridor, which stands largely vacant on the north end of the city's downtown.
That frustration is evident in the responses of a new BizTimes survey of members of the Commercial Association of Realtors Wisconsin (CARW).
We asked the CARW members the following question: "What should be the region's priorities for economic development in 2013?"
"Brand and market and rename the Park East. There is no park and it is not east (of the river), so the name doesn't even make sense," said one respondent, who did not leave his name.
"Making smart decisions on the Park East Corridor vacant land development. The governmental bodies being willing to approve creative projects. The Menomonee Valley transformation is astounding, thanks to the efforts of the City, the Development Authority, the businesses that took a leap of faith," responded Patrick Zabrowski of Foley & Lardner.
"The Park East corridor. Continued support for industrial and multi-family development. Increased support for small and medium-sized manufacturers," said Ed Treis of HIS Properties.
Other respondents chose to focus on more big-picture priorities.
"1. Lower taxes. 2. A revitalized and active WEDC (Wisconsin Economic Development Corp.) 3. Attracting firms from Illinois," said Jim Barry III of Cassidy Turley Barry.
"Creating enthusiasm within the market by honoring the individuals and companies that have made the bullish decisions to expand their businesses and build new facilities in the face of the recession. These companies obviously believe in what they are doing and should be recognized for their positive business attitudes. Attitudes are contagious and their's are definitely worth catching. They are not the naysayers, they are the believers and the believers are the ones that make things happen," said David Buckley of Cassidy Turley Barry.
"Encourage new…Read more...