The revitalization of downtown Wausau:
The Wausau Opportunity Zone, Inc. (WOZ) finalized the purchase of the Wausau Center Mall from Rialto Capital Management on Tuesday, February 4, 2020. The acquisition did not include HOM Furniture, or the two parking ramps. The purchase was funded by a pair of local foundations, the Dwight and Linda Davis Foundation and the Judd S. Alexander Foundation, in partnership with the City of Wausau.
Dave Eckmann, President of WOZ, Inc., stated “The transaction is critical to the success of Wausau’s economic future. By securing local ownership of the mall property, community stakeholders have the ability to shape and own the adaptive use of a vitally important piece of real estate in central Wisconsin.”
WOZ has engaged Chuck Ghidorzi to act as Managing Director, leading the planning process for redevelopment of the property.
Foundations committed to our future:
The philanthropic entities funding WOZ have a long, credible history of partnering with city and county government and community organizations to support many projects adding to the area's quality of life and economic vitality.
These projects include riverfront improvement and Riverfront Park, Arts Block/Grand Theater, The 400 Block, the world-class kayak course, YMCA expansion, Wausau Area Public Schools, North Central Technical College, Boys & Girls Club, South East Asian refugee ESL program and other assimilation projects, and many other supported community assets.
Mall redevelopment in the news:
Bloomberg.com: The Dying Mall’s New Lease on Life: Apartments
New York Times: Never Mind the Internet. Here’s What’s Killing Malls.
For more information on WOZ Inc or the Wausau Center Mall Redevelopment Project, please contact Chuck Ghidorzi, Managing Director, at 715-845-7282.