The Mayfair Housing Project
Why I support it.
Why I Support the Mayfair Housing Project
The city of Wauwatosa is abuzz with discussions about a new housing project proposed for the land at the Mayfair Mall property. While opinions on the project are varied, I firmly stand in support of it. Here's why:
Addressing the Housing Crisis: Wauwatosa, like many cities across the country, is grappling with a housing crisis. The proposed apartments on the Mayfair Mall property can be a significant step towards alleviating this issue. With the developer, Barrett Lo Visionary, planning to build about 1,000 apartments over the next 10 to 12 years, this project can provide much-needed housing options for the community.
Economic Boost: The project is expected to involve an investment of $400 million. Such a substantial investment can stimulate the local economy, create jobs, and attract more businesses to the area.
Revitalizing Unused Spaces: The apartments are proposed to be built on the existing parking lot, while the Boston Store is set to become a major retail store. This transformation will not only utilize the space efficiently but also enhance the overall appeal of the Mayfair Mall area.
Multiplying Tax Revenue: The city of Wauwatosa purchased the Boston Store property in late 2022 for just under $4 million. While the taxes generated from the new property will reimburse the city for its initial investment, the long-term benefits are even more promising. The project is set to multiply the city's tax revenue many times over, providing a significant boost to the city's finances and allowing for further investments in community development.
Future Retail Opportunities: With plans to introduce a new retailer in the Boston Store space, the project promises to further enhance the shopping experience for residents and visitors alike, solidifying Mayfair Mall's position as one of the top development sites in SE Wisconsin. Mayfair has evolved many times over and this provides a fresh direction and future for the space.
Community Development: While the exact details of what the public will receive are not fully disclosed, there are of infrastructure work and some green spaces among other benefits. These additions can enhance the quality of life for Wauwatosa residents.
Embracing Change for a Better Future: Change is inevitable. As cities grow and evolve, it's essential to adapt and innovate. The Mayfair Mall project represents an opportunity to shape this change in a way that benefits our community. By focusing development on areas like the Mayfair Mall, we can absorb the necessary urban density without encroaching upon or compromising our cherished neighborhoods of historic homes. This approach ensures that while we progress and grow, we also preserve the rich history and character that make Wauwatosa unique.
In conclusion, the Wauwatosa housing project at Mayfair Mall offers a vision of progress and development that respects both the future and the past. With its potential benefits ranging from economic growth to community development, I believe that this project, with the right planning and execution, can be a boon for the city of Wauwatosa.