Waukesha City joint review board hears TID annual report showing $7.8 million in incremental value; minutes approved

Waukesha City — The Waukesha City Joint Review Board met Friday, June 26, 2026, and received a staff presentation on the annual tax increment district (TID) report that highlighted a district closure with an incremental value of $7,819,100. "In 2025, we had 14 active districts," the Staff member said, adding that after a closure in April the increment at closure was "7,819,100."

The presentation detailed several active and recently completed development projects inside the city’s TIDs. The Staff member reported that in TID 12 (the corporate park) a local business identified in the presentation as "KTV label" consolidated operations into a site with a project value described as over $12,000,000. The Cobblestone project completed construction and the hotel opened in May; staff cited a guaranteed value for that project of $9,750,000. The presentation also noted a 52,000-square-foot addition (transcribed as "well doll") under construction and a 63-unit apartment building that began construction on a parcel adjacent to the first phase of Fox Run, with a minimum guaranteed completion value of $12,600,000.

When a Committee member asked whether the Ascension hospital on an adjacent parcel had a guaranteed value, the Staff member said the developer owns the property, it is leased to Ascension and "they are paying that" guaranteed value even though the facility is "mostly vacant," but the staff member did not have the exact guaranteed-payment amount on hand at the meeting.

The Staff member summarized remaining open districts, their current and incremental values, the year each district was created, the final year costs can be incurred and maximum district life spans, and invited questions. With no substantive questions from board members, the meeting moved to communications. A Committee member said the city may pursue creation of "one or two" new TIDs before the end of the year and that staff would follow up.

The meeting also handled a governance item: a Committee member moved to approve last year’s minutes; the Chair seconded, and the Chair called for a voice vote. Recorded 'aye' votes were heard from the Chair and the Staff member and the Chair announced that the minutes passed. The Chair then declared the meeting adjourned.

What this means: TIDs are tools cities use to capture incremental property-value gains to support infrastructure and development inside the district; the figures cited at the meeting (for example, the $7,819,100 incremental value at closure and the project values listed above) reflect what staff reported to the board but were not all accompanied by supporting detail in the meeting record. The board did not take other formal votes on projects during this session; staff indicated more TID activity could follow later in the year.