Wausau Opportunity Zone

What are all of the parking options downtown?

Nov 12 2023

Parking ramps are easily accessible from the city streets and are clearly marked with signage. Enjoy 2 hours of free parking on any downtown street, parking lot or ramp. Click here to find the hours for ramps and lots by location or to see a downtown parking map.  

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What is the Foundry on 3rd?

Nov 10 2023

A five-story building with 154 urban apartments, ranging from micro-units to three-bedroom units. There will be underground parking, green space in the courtyard and co-working spaces for tenants. Approximately 17,500 square feet of retail and commercial spaces are included in the plans.

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Why is the JC Penney building not coming down?

Oct 12 2023

The JC Penney building will remain standing for now because it sits atop an important and valued parking structure. The building serves as a protective barrier against the elements, too.

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How many acres of the Wausau Center mall site is being developed?

Sep 10 2023

The mall area being redeveloped is 6. 5 acres. This does not include JC Penny which will be a 2.65 acre development. Of the 6.5 acres currently under development, approximately 2.6 acres was returned to the City of Wausau for street development (2nd Street, 3rd Street, and Jackson Street)

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When will the entire development project be finished?

Jul 12 2023

The development will unfold in phases over several years. Sewer and temporary street construction were completed in August 2023, the HOM Furniture façade was completed in the summer of 2023, the Children’s Imaginarium opened in December of 2023 and the Foundry on 3rd broke ground in May of 2024 and is set to be ready […]

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Is the development zone in Wausau a TIF district? What is a TIF?

Jun 10 2023

The mall redevelopment zone is entirely in TIF District 12, as of April 2023 when the boundaries were amended. Tax Increment Districts (TIDs) are designated areas that allow new tax increments created in the district to be used within the district to incentivize development. When a TID is created, baseline property values are frozen and […]

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What are the plans for the final usage of the spaces?

May 20 2023

The plans for the site include mixed use of market-rate apartments, restaurants, retail and specialty boutique businesses. Opportunities for office space will be available, too. Accompanying the development of new streets and buildings will be public green space and public marketplace.

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Who is the developer of the project?

Apr 10 2023

Wausau Opportunity Zone, Inc. (WOZ) owns the development site and is collaborating with experienced developers to create housing, retail and commercial opportunities for the community. Click here to learn more about Wausau Opportunity Zone, Inc. T. Wall Enterprises Mgt LLC is the developer for the Foundry on 3rd project.

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How does Foundry on 3rd benefit the community?

Mar 10 2023

Downtown housing currently is in demand. This complex will be a magnetic place for young professionals and others who want to live downtown with nearby restaurants, shopping, special events, entertainment and other walkable amenities. It also offers retail space to shop owners wanting to be positioned in the heart of the city.

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