The objective of MMAC's pro-business agenda for a distinct place for catalytic real estate development (through the MMAC affiliate, Milwaukee Development Corp.) is to enhance the viability and livability of Milwaukee.
Catalytic real estate development 2015-2017 results
Provided $1.1 million in match financing with the Near West Side Partners to purchase 17 parcels and secure the neighborhood surrounding 27th and Wisconsin Avenue for development.
Invested $2.3 million to help re-purpose the Grand Avenue Mall.
Purchased an apartment building on the City’s near west side as part of a larger effort to stabilize the neighborhood.
Supported refurbishing 75 homes in the Sherman Park neighborhood through a $300,000 revolving loan to community organizer, Common Ground.
Provided seed funding for two Bublr bike stations to spur diversification of transportation options. The program now includes 75 stations with 27 more planned for next year.
Provided $1.3 million for financing key properties as part of the Bucks Arena development.