At the City Council meeting tonight, the council will vote on a series of development agreements for the project that has been called “Project Onyx” and rumored to be a development for the online retail giant. BizTimes Milwaukee reported in August that the facility was being planned for Amazon.com.
Among the items on the agenda is a request that the council authorize the city to borrow $18.2 million through general obligation bonds to finance the tax incremental financing (TIF) district created for the project.
Mayor Keith Bosman said the deal between the city, developer KTR and Amazon has been in the works for months, but said the details were finalized Friday morning.
Bosman said the development would create at least 1,100 full-time jobs. He said the development also includes the possibility of future expansion.