TIF Districts

Tax Incremental Financing (TIF) Districts are formed to enable development that would not otherwise develop without the establishment of a TIF District.  The City of Franklin currently has three (3) TIF Districts. 

 

TIF District No. 3 Amendment - September 2013
 

An amendment to TIF District No. 3 was proposed to further facilitate development and/or redevelopment within areas adjacent to the District. This amendment caused territory to be added to the District, providing incentive and opportunities for additional private development and redevelopment. This amendment modified the categories, locations or costs of the Projects to be undertaken, providing incentive and opportunities for additional private development and redevelopment.  A Joint Review Board Meeting took place on August 19, 2013 at Franklin City Hall Council Chambers.  The Community Development Authority (CDA) held a public hearing on August 22, 2013 at 6 p.m. at Franklin City Hall Council Chambers.  The project plan amendment was approved by the Common Council at their September 3, 2013 meeting.  The Joint Review Board then approved the project plan amendment on September 18, 2013. Below is the Final Project Plan Amendment for TIF District No. 3. 

Territory & Project Plan Amendment to Tax Incremental District No. 3


TIF District No. 3 (Amendment approved September 2013 - see details above) 

Located generally in an area bounded on the north by the area approximately just north of Rawson Avenue, on the east by 27th Street, on the south by the area approximately just south of Villa Drive, and on the west by 35th Street.  TIF District No. 3 is managed by the Franklin Common Council.  

TIF District No. 3 - 2016 Cash Flow Report

TIF District No. 3 - 2015 Cash Flow Report

TIF District No. 3 - Project Plan (See Plan Amendment above as approved by the Council on 9/3/2013 and the Joint Review Board on 9/18/2013.)

TIF District No. 3 - 2014 Cash Flow Report

TIF District No. 3 - 2007 Audit Report  

Map Showing TIF District No. 3


TIF District No. 4 

Located in an area generally bounded by Fitzsimmons Street on the north, 27th Street on the east, South County Line Road on the south, and an irregular boundary on the west.  TIF District No. 4 is managed by the Franklin Common Council.

TIF District No. 4 - 2016 Cash Flow Report

TIF District No. 4 - 2015 Cash Flow Report

TIF District No. 4 - Project Plan

TIF District No. 4 - 2014 Cash Flow Report

Map Showing TIF District No. 4


TIF District No. 5 - Ballpark Commons Development Proposal 

Ballpark Commons is a proposed mixed-use development at and in the vicinity of the Rock Sports Complex located at 7900 Crystal Ridge Drive in the City of Franklin, Wisconsin.  The project encompasses over 200 acres (including the existing Rock Sports Complex) and is expected to have a development value over $100 million.  As in the case of most developments, refinement of plans is expected over time.  Descriptions and images are presented to provide an overall sense of the project, but are subject to change.  As available, please reference detailed plan submissions and approvals for project specifics. 

TIF District No. 5 - Project Plan

Map Showing TIF District No. 5

Ballpark Commons Development Proposal

Finance & Treasury Offices
9229 W. Loomis Road
Franklin, WI  53132

Finance Phone:  414-425-7500
Finance Fax:  414-427-7527
Hours: 8:30 a.m. to 5 p.m.

Treasury Phone:  414-425-4770
Treasury Fax:  414-427-7519
Hours: 8:30 a.m. to 4:30 p.m.
 
Paul Rotzenberg,
Dir. of Finance & Treasurer

 
Rosanne Zimmerman, Deputy Treasurer

Tom Bakalarski, Accounting Supervisor
 


Related Links

Finance Committee
City Budget