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27th and Wisconsin Project Moves Forward
Wisconsin Ave. via property tax foreclosure. The $40,000 in proceeds from the sale of 625 N. 27th St. will be placed into the city’s STRONG Homes Loan Fund. This isn’t the first time the corner of N. 27th St. and W. Wisconsin Ave. has become a source ...
Bauman said he was presented an offer of $25,000 from the group via an official from DCD Monday morning, but countered with the $40,000 figureThe Near West Side Partners and DCD agreed to the revised figure.
Tuesday morning, the Common Council approved the projectAlderwoman Milele ACoggs abstained from voting on the measure, the only council member not to vote for the dealShe did not offer a reason for her abstention.
Since mid-September, Near West Side Partners has invested more than $900,000 in acquiring 13 of the 17 sites on the blockIn addition, it has received one property via donation from the Marcus Corp., has another under contract and is proposing to buy the remaining two parcels from the city.
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