Summary
The city is launching three new tax districts — Velp/Locust, Brook Park and 200 N Monroe — to subsidize nearly 450 new housing units and commercial space. Tax increment from future property taxes will repay developer incentives over the districts' lifetimes.
At a glance
- Total mentions
- 5
- Last 30 days
- 1
Discussed at 1 meeting in the last 60 days; most recently Oct 13, 2026.
Impact analysis
Combined project costs of about $20.6 million, offset by roughly $95 million in expected new taxable value across the three districts.
Future residents of the new housing and the developers receiving incentives.
Green Bay taxpayers and city services take the hit if the $1 million-plus loss lands on the public balance sheet.
Mentions & discussions (6)
Redevelopment Authority - Oct 13, 2026
The city's 2025 TID report showed fund balances jumping from about $13 million to $23 million, with the shipyard and downtown districts generating strong increment. Two of the largest districts close in the next two years, keeping the city well under the state's 12% equalized value cap.
Tax Incremental Districts Joint Review Board - Jul 24, 2026
The board's next meeting on August 25 at 11:30 a.m. will review creation project plans for three new tax incremental districts: TID 33 (Velp and Locust), TID 34 (Brook Park), and TID 35 (200 N Monroe).
Hotel Northland being sold to avoid foreclosure; City of Green Bay could lose at least $1M
Hotel Northland being sold to avoid foreclosure; City of Green Bay could lose at least $1M WLUK
Redevelopment Authority - Jul 14, 2026
TID 5 (East and West Downtown) is being extended for affordable housing purposes, keeping downtown housing investment on the table.
Tax Incremental Districts Joint Review Board - Jul 14, 2026
The city is launching three new tax districts — Velp/Locust, Brook Park and 200 N Monroe — to subsidize nearly 450 new housing units and commercial space. Tax increment from future property taxes will repay developer incentives over the districts' lifetimes.
Green Bay Plan Commission - Jul 13, 2026
The city is creating three new TIDs this year — Belkin Locust (multi-family), Brooke Park (single-family near Humboldt), and TID 35 for the 200 and Row site. TIDs divert new tax revenue to pay for development costs, so they shape how growth is financed.
Related development
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