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This Just In ...

Kevin Fischer is a veteran broadcaster, the recipient of over 150 major journalism awards from the Milwaukee Press Club, the Wisconsin Associated Press, the Northwest Broadcast News Association, the Wisconsin Bar Association, and others. He has been seen and heard on Milwaukee TV and radio stations for over three decades. A longtime aide to state Senate Republicans in the Wisconsin Legislature, Kevin can be seen offering his views on the news on the public affairs program, "InterCHANGE," on Milwaukee Public Television Channel 10, and heard filling in on Newstalk 1130 WISN. He lives with his wife, Jennifer, and their lovely young daughter, Kyla Audrey, in Franklin.

Did we miss something during that Franklin stadium debate?

Probably a moot point and old news, but here are some key bullet points from a Power Point Presentation on the Memorandum of Understanding between the City of Franklin, Wisconsin (the “City”) and Zimmerman Ventures, LLC (“Zimmerman”) for Staff Review and Considerations that was shown on 4/17/14, with the emphasis mine:


Why would Franklin consider a Minor League Baseball proposal?

Per their (Zimmerman) study, a stadium is not economically viable on baseball revenues alone.

Is this about baseball?

If only about baseball, a stadium proposal provides very limited merit for public support.

Opportunity to Create a new Downtown Franklin -The Developer’s study suggests that a stadium can have a significant impact on the local economy

CREATING A NEW DOWNTOWN

To the extent an individual agrees with the following…

·         The area around Rawson, Loomis, and 76th Street has not, on its own, achieved the development potential envisioned for the area.

·         A minor league stadium and event venue at this location could be successful, could create a Franklin “destination,” and could become an economic driver for the area.

·         This proposal could provide the highest and best use for an old landfill site.

·         A TID is an appropriate economic development tool to create a new Downtown Franklin.

It is, first and foremost, about a new Downtown, not about a new stadium.


A Proposal using Economic Incentives, made available through a TID, for the purpose of aiding in private development of a stadium, is a reasonable means and strategy for achieving a new Downtown Franklin and the related beneficial economic development.  

• “Downtown” as a concentration or corridor of commercial, retail, and governmental buildings.

• Strategy:  A TID creates a mechanism to consolidate and leverage new property tax resources to provide an economic incentive for the stadium.

• Reward:  Increase viability of stadium

• MOU allows the City until June 4th to complete a TID and/or economic impact analysis.  

• If not proven viable to City’s unilateral satisfaction, the City can walk away with no obligations.

• If the TID is not approved (August 31, 2014), City has no obligations or risks.

Here's the entire presentation.


FRANKLIN RESIDENTS, DON'T SIGN THE PETITION!

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