TIF district could contribute $2.1M to southeast Madison development
The city is considering a $2.1 million investment to help developer HSA Commercial Real Estate with a phased project on part of the GE Healthcare property at 3030 Ohmeda Drive, according to a Wisconsin State Journal report. The recently created tax incremental financing (TIF) district in the area on the southeast side would deliver $2.1 million in TIF support to the roughly 430,000-square-foot industrial development. HSA Commercial Real Estate is proposing a phased project to build two buildings of 169,000 square feet and one of 91,200 square feet over several years on a 28-acre parcel from GE’s roughly 98-acre site. Businesses that could occupy the new buildings and provide a broad mix of jobs include logistics, inventory management, manufacturing, packaging, assembly, and quality assurance firms.