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Tax Assessment on River Property Changes Dramatically (and lower) --- Why ?

By David Tatarowicz
Tuesday, Mar 4 2008, 01:53 PM

According to property tax information available on the internet, the property at 3907-09 N Sherburn, which is one of the parcels for the Sunrise Development that the Village Board is planning on funding for $800,000 plus has changed dramatically for 2007.

The past assessments for the Sherburn property had a separate assessment for the land and a separate assessment for the improvements (buildings) which is the normal breakdown, and is the way that the property at 1111 E Capitol (Riverbrook Restaurant) is assessed.

Following are the assessments for the Sherburn property for the past few years, applying the applicable State Equalizers:

Sherburn                                      Land                           Improvements                    Total

2004                                           474,000                        1,627,240                         2,101,240

2005                                           507,900                         2,250,282                        2,758,182

2006                                           530,425                         2,350,081                        2,880,506

2007                                          2,282,447                       00000000                         2,282,447

                      This is a drop in the assessment of $598,059  which equals a 21% drop in value !!

                      (note: the 1111 E Capitol Dr property had a decrease in its assessment of about 4%)

  • Is this the only property in Shorewood that has dropped in value by 21% ?
  • Why is the assessment no longer broken down into its parts ?
  • What implications does this have for the proposed Sunrise Development ?
  •  Inquiring Minds Want to Know !!

                                     Do you Know ?            Do you have any Comments ?


 

Shorewood Officials Rolling the Dice With Our Tax Money According to TMJ4 TV

By David Tatarowicz
Friday, Feb 1 2008, 09:57 AM

  

  You Paid for It: A Shining Shorewood

The "Teaser" for a Feature segment by Aaron Diamant on Channel 4 last night (TMJ) was that Taxpayers were Paying to Replace Streetlights that Weren't Broken --- it was a story about all the money that the Shorewood Village Board is spending in what the story called a "Bet" that may or may not pay off.  (You can see the story at http://www.todaystmj4.com/features/iteam/15042406.html )
 
Excerpts From the Story:
 
"Economic redevelopment is sort of like a trip to Vegas. You have to bet big to win big. The Village of Shorewood put up big bucks to beef up it's business district. Village leaders are banking on a big-time return, but if things don't go as planned, you'll pay for it.

Earlier this month dozens of Shorewood's residents packed a village meeting hall for a progress report on the $19.5 million plan to shore up the aging business district.

The focus: Oakland Avenue and Capitol Drive. Better streets and sidewalks, new lighting and landscaping, facelifts for old buildings and plans for more new buildings with storefronts and high-end condos.

To get things rolling, Shorewood borrowed nearly $3.5 million through bond sales. Revenue from those bonds bought the first round of street-side improvements, and created a huge pile of cash that the village offers to developers as incentives to build.

However, village leaders aren't advertising the fact that if the redevelopment doesn't happen as fast enough, taxpayers would be on the hook to pay back those bonds.

"It's a fluid plan," admitted board president Guy Johnson. "we know that things are going to change, but if you don't have a plan that you're starting with, you're just going to let randomness take over, too, and that's what we're trying to avoid."

Despite the risk, if all this does work out, some projections show Shorewood's business district could be worth $100 million to $400 million more than it is today in just 14 years."
 
MY QUESTION IS WHERE IN THE WORLD DID THE VILLAGE GET THE PROJECTION OF AN INCREASED VALUE OF $100 TO $400 MILLION DUE TO THESE EXPENDITURES ?
 
PRESUMABLY THERE WILL BE SOME INCREASE IN VALUE, EVEN WITH THE STATUS QUO --- SO HOW WILL THE DIFFERENCE IN THAT INCREASE BE MADE FROM THE INCREASE DUE TO THE PLANNED EXPENDITURES ?
 
JUST HOW RELIABLE CAN A FORECAST OF INCREASED VALUE BE WHEN IT RANGES FROM $100 TO $400 MILLION ---- COMMON SENSE WOULD SEEM TO SAY THAT IF THE ESTIMATE COULD BE $300 MILLION LOW --- COULDN'T IT ALSO BE $300 MILLION HIGH FOR A LOSS OF $200 MILLION ?
 
WHAT'S YOUR TAKE ?  PLEASE LEAVE YOUR COMMENTS BELOW.
 
 
 

 For some thoughts on issues other than Shorewood, visit my other blog at

http://nonconventionalwisdomperspectives.blogspot.com/



 
 
 

 

Capitol Drive Merchants in Shorewood Get 2nd Class Treatment

By David Tatarowicz
Thursday, Dec 20 2007, 03:05 PM

Two nights ago, on the 18th, the Shorewood DPW committed a large crew during the night to do a snow removal operation in the Business District.

Hooray !!!!!

On my block (4400 N Oakland)  and south, they did a great job.  Shoppers can actually get from their cars to the shops now.  

However -- (you knew there was going to be a however) -- the Merchants on Capitol Drive have nothing to cheer about.  As of this afternoon, their stores and the street are still separated by mounds of ice and snow.  

I wonder if anyone on the Shorewood Board of Trustees has ever had any retail experience (other than shopping).  If they ever depended upon retail sales for their livelihood, they would know that this week -- the week before Christmas -- can be a make or break event for many of the merchants.

With the high rate of property taxes that are paid for commercial property in Shorewood --- in addition to the BID tax that commercial property owners pay --- it is outrageous that these merchants are not taken better care of by the Village.

Note to Village Trustees:  Forget about bicycle races, and forget about artist displays by outside vendors at the high school, and forget about spending Tens of Thousands of Dollars Advertising how Friendly Shorewood is to Pedestrians and how Upscale the stores are for Shoppers --- try spending the money on clearing the snow banks so the merchants can make a little money and keep their businesses open.


 

Rush to Obsolescence in Streetscape Plan

By David Tatarowicz
Friday, Mar 23 2007, 06:02 PM
At its last meeting the Village Board voted to authorize bids for the new Streetscape Plan. Preliminary estimates for the first phase are in the $3 million range.

Many of Shorewood’s residents probably remember the last time Shorewood had a major renovation project, It was the streetscaping of North Oakland Avenue in 1996. That renovation replaced the street, sidewalks and all the streetlights. Also installed were sidewalk pavers, benches, planters and trash receptacles.

We now find, barely more than 10 years after spending all that money on North Oakland Avenue, that all those nice new street lights, pavers, benches and trash receptacles are obsolete !

Apparently everybody involved failed to notice that we have winters in Shorewood, we use salt on our streets, and all those nice new fixtures, made of cast iron, are prone to rust. Reportedly, they have rusted to the point that they need to be replaced.

Our weather has not been especially kind to all of those pavers that were installed along the sidewalks either. Walking on what is left of the pavers, is taking a risk to breaking an ankle ! Patterned cement, in hindsight, would have been much more economical to install and maintain, while achieving the same decorative look.

The average taxpayer probably imagines that when the Village Board was informed that all the tax money that was spent 10 years ago has rusted away --- literally --- the Board was upset, and determined to find out how and why such a major mistake was made, and that the Board decided to get those answers and to thoroughly examine the new proposals, before committing to any new multi million dollar projects.

Unfortunately, the average taxpayer would be wrong !

The only Board Member who dared to rock the boat during the discussion to approve the bid process was Jeff Hanewall. He brought up concerns about the designs that were being proposed for the new streetscaping, and asked questions as to whether they were appropriate for Shorewood. It is noteworthy that Trustee Hanewall is an architect and is well versed in such matters, albeit that design is always of a subjective nature.

In the following discussion, it appeared that all the other trustees and village management considered the plan, as presented, to be a “done deal”, with no room for discussion or dissent.

When the slide show presentation of the plan was made to the board (you can view the same presentation on the Village’s website), there was a heavy emphasis on the fact that the CDA conducted a number of public meetings, and that Shorewood citizens in study groups, actually voted in favor of the plan that was presented.

That story, however, quickly changed upon questioning.

Trustee Hanewall questioned how the process was actually run. He questioned whether the design firm involved limited the selections available to the participants of the groups, and whether the selections were made without the context of viewing the elements as a whole. He pointed out that a popular vote of approximately 20 volunteers was going to be the deciding factor for a multi million dollar project for a village of 13,000 plus residents.

This was when a whole new description of the process by the CDA was quickly offered.

The new line given was that although there was a popular vote of citizen volunteers, the CDA and designers didn’t “really” let that be a deciding factor. They said that they had actually limited the information available to the volunteers, and that they never intended to, nor did they, abide by the consensus of the study groups.

Going on the appearances and actions at the Board meeting, it would be a good guess that the project is pretty much a “done deal”. There does not seem to be any appetite on the Board to study what went wrong with the North Oakland project --- nor to examine in any depth, the proposed elements for the new project.

And that begs the question of whether we in a rush to more obsolescence ? Are all those street light and poles rusted beyond redemption ? Have any restoration experts been contacted to examine the existing poles and assess whether there are any methods which can restore them --- and how that would compare in cost to replacing them with new ones ?

It has been said that we live in a “throw away” society. And perhaps all those nice “10 year old new” light poles are destined to our landfills.

But shouldn’t we expect better in Shorewood --- shouldn’t the Village Board examine this issue much more carefully before actually committing the millions of dollars it will cost --- with at least a minimal expectation that the new streetscape will have a useful life of more than 10 years before it is obsolete ?






 

BID Events Hurt Shorewood Business

By David Tatarowicz
Friday, Mar 2 2007, 04:44 PM
Shorewood citizens hear quite a bit about the Shorewood BID, but in talking to many residents, I have found that they really don't know exactly what the BID is, how it is funded, or what it does. This is understandable, as the BID Tax does not apply to most Shorewood residents.

In short, the BID district is a Taxing Body, that only taxes Commercial Property owners in Shorewood. If you own a Residential property, you do not pay the BID tax. If you own Commercial property (or mixed used), you pay hundreds or thousands of dollars per year to the BID tax.

The purpose of the BID is purportedly to "help" Shorewood businesses.

In this blog, I have already listed many of the reasons I believe that the BID in Shorewood is not needed, and how it actually hurts Shorewood business. Adding to those reasons is a look at the BID sponsored events for 2007 --- and how they do Nothing for the average Shorewood business --- at best --- and actually Hurt Shorewood Business --- at worst.

One of the big events that BID sponsors is the Shorewood Criterium (bicycle race) that is planned for July 19th. For this event, the race course is closed most of the day with no parking allowed (much of Oakland Avenue). This is obviously bad for the businesses on Oakland, as their customers have nowhere to park. As the race time approaches, traffic is totally closed for an even larger area of Oakland, to facilitate tents and displays, etc.

There are a few businesses which may see a small increase in their business, such as coffee shops --- but by and large, it is a lost business day for most businesses on the race route.

Perhaps if the Criterium brought a lot of folks from other communities to Shorewood, for the novelty of seeing a bike race, there could be some benefit to the exposure. But the Criterium is run virtually everywhere ! There is no need for folks from other communities to come see ours --- they have their own. Except for spectators who may follow the bike circuit (which from my observations couldn't be too large), the race isn't attracting "new" prospective shoppers to Shorewood.

Listed here are the dates of the Criterium in the various nearby communities, surrounding our date in July:

July 9th Menasha
July 10th Manitowoc
July 11th East Troy
July 12th Burlington
July 13th Hales Corners
July 14th Shorewood
July 15th Milwaukee - Schlitz Park
July 16th Waukesha
July 18th Hartford
July 19th Milwaukee - Lakefront
July 20th DePere
July 21st Sheboygan
July 22nd Kenosha
July 23rd Milwaukee - Downer Ave
July 24th Whitefish Bay

Obviously, this is not a unique event which showcases Shorewood.

Another event that BID sponsors is the Art and Craft Fair on the lawn of the Shorewood High School. After last years Art and Craft Fair I did an informal poll of business owners situated nearby the high school, as to whether this event helped their business. To the contrary, they told me that they noticed a drop in business, as folks who might drop in to browse and buy something, where at the Art Fair instead.

Also, the Art Fair was composed primarily of business people from "Outside of Shorewood" --- our BID money was enhancing businesses from other areas, in competition with our Shorewood based businesses !

In all fairness, at least two of the planned events, the Artwalk on April 7th and the Holiday shopwalk on December 1st basically have the right idea of getting actual potential shoppers out in front of the shops.

On the other hand, the small business group that we had before the BID, sponsored the same kind of events, for an annual dues cost of about $70 --- while the BID is spending tens of thousands of dollars to achieve the same result. And although every commercial property is paying the BID tax, these walks are focused on North Oakland and East Capitol --- so the businesses in other areas are paying in --- but getting nothing out.

I believe it is time to do some serious reconsideration of the entire BID. We don't need an additional tax on business in Shorewood --- especially with ill-conceived events that do more to hurt, than they do to help, the very businesses paying the BID Tax.



 

Shorewood to Lend Tax Money to Businesses

By David Tatarowicz
Thursday, Mar 1 2007, 05:42 PM
(Note to readers: I had posted this earlier in the articles section before my blog was up and running --- but I think it is too important not to include on the blog)

NEED A BUSINESS LOAN --- DON'T ASK A BANK, ASK SHOREWOOD --- WOULD YOU LIKE $25,000 OR MAY $50,000 ?

Under a new loan program approved by the Village Board, WE --- the taxpayers of Shorewood --- will make loans of between $25,000 and $50,000 to both existing and new Shorewood businesses.

The loans can be used for almost any reason, including for "working capital". There are no requirements that the loans be secured by collateral, or even by personal guarantee.

Speaking as a Shorewood citizen, property owner, and small business owner, I am very much against this program, for several reasons. First and foremost, when did this need to subsidize Shorewood businesses develop ? Has there been a single instance in which someone closed their Shorewood business, or decided against starting a business in Shorewood, because the village would not lend them money ? And if they cannot get a loan from a bank, why should the Village take a risk that a bank will not take.

Secondly, how do we decide which businesses to subsidize ? Should we help a new liquor store get started or how about a tobacco shop? We do have more than a number of places in the Village to get a bagel or a croissant, but don't we really need a good donut shop ?

In Shorewood we have a great place to live - we have one of the best school systems anywhere, and our Residential - Urban - Sidewalk - atmosphere is almost "Norman Rockwell" in its flavor.

Our underlying strength is not the businesses that are in the Village. Shorewood is not a shopping destination in itself. We have some destination shops here, such as Goldi's, Harley's and CC Conrad, but for the most part, businesses which locate in Shorewood are here to serve the people of Shorewood. Shops and businesses that fill the need of our population, with a convenience of being close to home.

It is no secret that our population is lower now than at our peak, and that our schools have excess capacity to serve more students. And there are steps we can take to help make Shorewood even stronger and more desirable.

We are foremost a residential community, and we have a larger than average stock of rental units. If we are to use TIF money to strengthen Shorewood, it should be used to help property owners to improve the housing stock --- ie. energy efficient furnaces, newer copper plumbing and updated electrical. We can promote energy systems that are affordable for the landlord to include heat in the rent. We can develop programs to encourage owner occupied duplexes. And we can develop programs that work with both landlords and tenants, to make Shorewood the number one rental option in the Milwaukee Metro area.

As Shorewood has grown more mature, there is also a greater need for housing that serves the needs of our senior citizens who would like to stay in Shorewood, but don't necessarily want the responsibility of a large property to maintain. As I can attest to, after both a hip and a knee replacement, a two story house with a basement, is not very user friendly to those with older joints !

(And by the way --- as a residential, sidewalk friendly community --- we need to resume show removal !)

Our focus in building a stronger Shorewood should be on our housing, and filling the needs of all the different segments of our community, higher and lower income, younger families with school children and seniors with mobility needs.

The next time you walk or drive through the Village, look around and see what kinds of business is here in Shorewood. It is business that is primarily focused on the needs of the neighborhood --- grocery stores, coffee shops, dry cleaners, barbers, hair stylists, pharmacies, insurance agents, realtors. We don't have any of the "Big Box" stores, ie. Target, Home Depot, Best Buy --- and we don't want them --- where would everyone park ?

If the Village really wants to help Shorewood business, it should disband the BID District. When I first came to Shorewood about 15 years ago, we had a local business association, that most of the businesses belonged to. It cost about $70 a year to belong, and we would get together once in a while, share ideas and conversation, and put together occasional events. All in all, the association didn't do too much --- but then again, it didn't cost much either.

Unfortunately, the Village decided that whatever the local businesses were doing, it could do better. Thus the Shorewood BID District was born. Now anyone who owns commercial property in Shorewood pays a tax, for the Village to spend for our business welfare. Whereas business property owners paid about $70 to belong to the business association, they now pay more like $700 or $800 to the Village BID.

We still don't get much --- but we sure pay a heck of a lot more for it !

The best t

 
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