TID No. 5
TID No. 5 was created in 2010 as a mixed-use district. It is located on the western edge of the Village, east of Interstate 90/94/39 and north Windsor Road and includes portions of River Road and Innovation Drive. The intention of this district is to induce economic development by providing improvements such as public infrastructure and business development incentives which focuses on bio-agriculture businesses and more recently destination recreational opportunities.
The district’s specific objectives have focused on promoting the orderly development of the area by:
- Increasing non-residential tax base in the Village.
- Encouraging types and quantities of non-residential development that are not presently in the Village or are in short supply.
- Encouraging new uses that would serve research, technology, employment, commercial, and recreational needs in DeForest without the need for travel outside the community.
- Implementing goals and directions within the Village’s Comprehensive Plan, particularly as they relate to economic development and facilitating high-quality office and commercial uses matching the needs of DeForest residents.
- Drawing office, research, bio-agriculture, technology, other job producing, commercial, and related uses that do not appear feasible for the area without public financial support.
- Improving transportation access to and through the TID area from the bulk of the DeForest-Windsor community, while increasing traffic safety.
- Enhancing economic activity along the Interstate 39/90/94 corridor.
Major improvements in TID No. 5
- Major improvements in TID No. 5 include the DeForest Kwik Trip Athletic Complex, PinSeekers Hybrid-Golf Entertainment, and Bay Harbor of DeForest Memory Care and Assisted Living Facility.
- TID No. 5 started with a base value of $350,500 and currently has an increment value of $87,504,700.
- The expenditure deadline for this district expires in 2025 and the statutory closing date of this district is in 2036. Currently, TID No. 5 is expected to pay off its obligations early and close in 2030, subject to changes in the tax revenue or an extension.