Apartment Deal for Former Marshfield City Hall Plaza Falls Through
Monday, May 22nd, 2017 -- 9:13 AM
(WDLB) -The deal the city of Marshfield had with a Milwaukee firm to renovate the existing City Hall Plaza into downtown apartments has fallen through.Both City Administrator Steve Barg and Mayor Chris Meyer confirmed last week the proposal from Gorman and Company has been taken off the table. The city had been pursuing a deal with Gorman for the renovation of the former Marshfield Clinic and Figi's headquarters into what was called workforce housing. Barg said Gorman was unsuccessful in its efforts to obtain historic state tax credits to make the project affordable for them. The Marshfield Common Council had voted recently to spend 20-thousand dollars to assist Gorman in getting the historic tax credits, but Barg said the money was never spent.
Gorman's proposal called for 40 apartments, while still maintaining the retail space on the first floor. In the meantime, Barg says the city will reach out to two other companies which had submitted proposals, to see if they might still be interested in a project with city hall. No matter what happens, something must be done, because the city has purchased the current Forward Financial Bank building across the street from City Hall for two-point-six million dollars, and will move into that facility once Forward's new four-story structure on the city's north end near Burger King is complete.
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