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In new Milwaukee initiative, only developers able to buy city-owned foreclosed properties

Dollar Days

In new Milwaukee initiative, only developers able to buy city-owned foreclosed properties

This post is part of our years-long running Eavesdrop series (think page 6 for the architectural field). It’s your best source for gossip, insider stories, and more. Have an eavesdrop of your own? Send it to: eavesdrop[at]archpaper.com.

Milwaukee residents were sorely disappointed at a packed City Hall meeting when they were told they could not partake in a program to buy city-owned foreclosed properties for $1. The Milwaukee Employment/Renovation Initiative (MERI) was set up to entice developers to buy and renovate vacant properties in the Sherman Park neighborhood, emphasis on developers. The initiative is only open to developers, which submitted to an RFQ in early January. Critics of the initiative say that they don’t believe developers buying large portions of the neighborhood will address pressing community issues.


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