MILWAUKEE-The Common Council unanimously approved on Tuesday a more than $73 million incentive package for the construction of a new, $400-million, 33-story office tower for Northwestern Mutual.
The council approved $54 million in aid for the project by creating the largest tax incremental financing district in city history, according to The Business Journal. The new district will also finance $18 million for improvements to local streets at the downtown lakefront.
Northwestern Mutual, which will demolish an existing building at the site, will build a new 1.1-million-square-foot building that will house 1,100 current employees and 1,900 new workers by 2030. See story in The Business Journal.
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