Development News for Verona, Wisconsin

Plan Commission Recommends Approval for Tax Incremental District Amendment and Large Residential Development

The Plan Commission reviewed and recommended approval for an amendment to Tax Incremental District Number Eight (Verona Technology Park), increasing the total project costs from $18.4 million to $46.1 million to accommodate potential future expansion by Arrowhead Pharmaceuticals. This amendment does not change the district boundaries but updates the financial plan to include costs for a water tower, pump station, intersection improvements, and utility extensions, with potential development incentives for Arrowhead. The fiscal projections indicate the district could close two years early under the amended plan. The proposal also included a zoning map amendment to rezone approximately 15 acres to urban residential, a conditional use permit for a 257-unit apartment and townhome complex, and a conditional use permit to exceed height requirements. The Plan Commission voted to recommend approval of the annexation, the Comprehensive Plan amendment, the zoning map amendment to urban residential, the certified survey map creating three lots, the site plan for the apartment and townhome complex, the conditional use permit for the apartment complex, and the conditional use permit for height exceptions. However, significant debate occurred regarding the project's impact on adjacent single-family homes, leading to dissenting votes on several of the related items.