Published: April 13, 2010
Tags: Alterra Coffee Roasters, bakery, Bay View, bond, Kinnickinnic Avenue, Lincoln Fowler, Mertens, Milwaukee Common Council, Schubert, Zielinski
By Sean Ryan Neighborhood support for construction of an Alterra Coffee Roasters Inc. bakery was enough to persuade Milwaukee aldermen Tuesday to back the project. The Milwaukee-based company is planning an estimated $4 million renovation project to build a bakery and coffee shop on Kinnickinnic Avenue. The developer requested city approval to use a public, [...]
By Paul Snyder A proposal to kick $10 million in state money toward a nonprofit company’s building project is taking hits as a last-minute rush job that sidesteps legislative protocol. “Why didn’t this come to the Building Commission?” said state Rep. Dean Kaufert, R-Neenah, a commission member. State Sen. Mark Miller, D-Monona, and state Rep. [...]
Published: February 8, 2010
Tags: American Recovery and Reinvestment Act, bond, City of Milwaukee, Gonda, Greater Milwaukee Association of Realtors, Hamilton, Huck, Lipscomb, Milwaukee County, RSC and Associates, Ruzicka, Wisconsin Alliance of Cities
By Sean Ryan A state law change that lets counties issue bonds for construction is letting developers sidestep rules tied to city of Milwaukee project support. Milwaukee requires developers that receive more than $1 million from the city hire Milwaukee residents, give contracts to emerging business enterprises and pay prevailing wages. The city enforces the [...]
Published: July 27, 2009
Tags: bond, borrowing, insurance, League of Wisconsin Municipalities, National League of Cities, Sun Prairie
Sean Ryan sean.ryan@dailyreporter.com Sun Prairie eluded jacked-up interest payments when it borrowed $8.7 million last month to reconstruct Main Street. Other cities and villages might not be so fortunate if the skittishness afflicting the national municipal bond market catches on in Wisconsin. Sun Prairie is in good shape to borrow money because the city has [...]
Published: April 1, 2009
Tags: Andrea Michael, Arteaga Construction Inc., bond, CCI Surety Inc., Frank Lalumiere, Tony Arteaga
Sean Ryan sean.ryan@dailyreporter.com The U.S. Small Business Administration will accept more risk by backing larger bonds for contractors, but the agency also will be more careful when selecting which builders to support. In an effort to encourage bonding companies to issue performance and payment bonds to small contractors, the SBA agreed to pay for claims [...]