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Monday, August 19, 2013

County Executive Abele Signs Innovation Campus Development Deal

Milwaukee County Executive Chris Abele, Milwaukee County Executive
For Immediate Release                                                                                               
DATE: August 15, 2013
Contact: Brendan Conway, Communications Director
414.278.5281 Office
Twitter: @MkeCoExecPress

County Executive Abele Signs Innovation Campus Development Deal

MILWAUKEE – Milwaukee County Executive Chris Abele signed a resolution today that will create jobs and tax base by moving a hotel development forward in Wauwatosa. The extended stay hotel at the UWM Innovation Campus will create 30 full time jobs and 100 construction jobs.

“This project is an example of the positive partnerships I have been building since I took office. As elected leaders, we can accomplish a lot more when we work together. This development will create much needed jobs and tax base and help attract new businesses to the County,” Abele said. “I want to especially thank Supervisor Luigi Schmitt who has championed this project for years and helped get this deal done.”

Innovation Campus is a collaborative effort between UWM, Wauwatosa and Milwaukee County. The hotel alone is expected to generate $181,000 in tax increment for the City of Wauwatosa every year.

“I’m proud of Wauwatosa’s role in this visionary project. We’ve worked closely together for more than six years and our public-private collaboration will bring together academia, science, technology, private industry and government services,” said Wauwatosa Mayor Kathy Ehley.

Officials say the hotel will support researchers and private companies visiting the Innovation Campus.

“An extended stay hotel is a critical component in developing the Innovation Campus as a global center for research and development,” said David H. Gilbert, Executive Director of the UWM Innovation Campus. “UWM and other research institutions, including private sector companies located on the campus, will draw on expertise from around the world to meet the scientific challenges they will face.”

The hotel project could break ground before the end of the year.

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