Condos Likely in Downtown Wausau

By: Bill Martens
By: Bill Martens

City officials are still looking for someone to build condominiums on top of the new Jefferson Street parking ramp.
The building was put up to support the condos on top at an extra cost of $2.2 million.
One developer decided not to pursue the deal.
City leaders are hoping to meet with another potential developer in the coming weeks, and many are still sure the deal will get done, because of all the other growth downtown.
"I think it will come eventually, I'm not sure if we've reached that point yet, but I think the completion of the hotel next fall is going to bring us closer to that," says alderman Jim Rosenberg. "The more commerce, the more likely that prospect becomes."
Condos on top of the parking ramp would add an estimated $6 million to the city's tax base.
Meantime, the city is still looking for tenants for retail space on the ground floor of the parking ramp.

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