A federal deadline is close to being extended for a transit plaza tied to the delayed Couture high-rise on downtown Milwaukee’s lakeshore.
That would save county taxpayers $6.7 million.
Barrett Lo Visionary Development LLC’s application for a loan guarantee from the U.S. Department of Housing and Urban Development was submitted on Sept. 1, and is still pending before that agency.
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Barrett Lo submitted the application after it secured investor financing for the apartment tower. The firm can finally begin construction if it receives the HUD loan guarantee.
The 44-story Couture, 909 E. Michigan St., would feature a public transit plaza that would complete the lakefront loop for The Hop streetcar.
The Federal Transit Administration plans to waive a $6.7 million debt owed by Milwaukee