1409 Velp Avenue redevelopment (Development Agreement 26-03)
Green Bay
Summary
A vacant former greenhouse site could get 90 apartments in three buildings, raising the property's assessed value from about $564,000 to $9.5 million. The city would create a new TID (TID 33) and reimburse the developer 90/75/30 percent of tax increment, capped at $2 million.
At a glance
- Total mentions
- 1
- Last 30 days
- 0
Last discussed Jun 9, 2026.
Impact analysis
New TID with up to $2 million in reimbursements; city property taxes projected to rise from about $11,700 to nearly $198,000 a year, with roughly $79,000 to the city.
Renters seeking so-called missing-middle housing, plus the city's tax base and the surrounding underused corridor.
Some members worried the 90% reimbursement sets a precedent other developers will expect.
Mentions & discussions (1)
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