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Six Points/Farmers Market

Base Value:	$18,524,000
Current Value:	$17,460,000
Original Property Taxes:	$516,600
Current Property Taxes:	$405,395
Projected Property Tax at Completion:	$1,771,500
Current Property Tax Increment:	$6,900
Projected Property Tax Increment:	$1,254,900
TIF Expiration Date:	2019

Tax Incremental District Number Five consists of approximately 44 acres of land located in a four block long by two block wide corridor in the northeastern portion of West Allis commonly referred to as the "Six Point/Farmers Market" Neighborhood. The creation of the District was necessary to eliminate and prevent the spread of blight experienced in the years following the closing of the Allis-Chalmers manufacturing plant. Currently, there are three submitted development proposals putting forth opportunities to redevelop the area as mixed use residential and commercial.