Lakefront Gateway Project (Milwaukee: 2014, how much, construction)

[MKE_Eastsider]

Looks like Milwaukee's Downtown and Lakefront area is going to change significantly.

http://www.jsonline.com/business/lak...196948891.html

[AlaskaDan907]

I saw this today on the news. Sounds like a great idea. Guess we will see what happens with it!

[HyperionGap]

Yeah I saw that too. It's sad that "new land open for development" really means: New vacant land in downtown Milwaukee!

Just look at the park east

[Milwaukee City]

Yeah nice idea but I'll believe it when I see it. Just wait until these projects have to jump hurdles of the MKE County board, historic commission, environmental lobby, union lobby, common council, the mayor and the county executive. Like I said, I'll believe it when I see it.

[Supine]

Will be good if it's all built.

I thought I heard on the TV news that is was projected to cost $50 million? If true... that surprises me. I would have thought this would cost a whole lot more, like a billion dollars.

So, I'm curious what 4 or 7 billion dollars spent along the lakefront could do?

What's even more weird to me is that a list by Forbes I read put Mark Zuckerberg at a net worth of $17 billion and the richest man in the world, the Mexican, I think his name is Carlos Slim, at over $60 something billion.

I'm just trying to wrap my mind around this. So, some people are, economically, miniature city-states onto themselves? If I had say... $17 billion dollars I could essentially spend $7 billion (still live fat rich off of a billion) developing downtown and the lakefront and all the building would possibly result in a "renaissance" of Milwaukee? Which means I wouldn't have to give to charity because so many jobs and other opportunities would be created, possibly resulting family sustaining wages, or even other people getting wealthy in some butterfly effect too?

I've taken a few basic economic courses, so, I do understand the circular flow of economies. But I always imagined it would take $90 billion or some enormous sum of money to really making Milwaukee boom in inspiration, work, and the belief held by the general public that "anythings possible!"

[Jesse276]

Originally Posted by HyperionGap

Yeah I saw that too. It's sad that "new land open for development" really means: New vacant land in downtown Milwaukee!

Just look at the park east

Yeah, who would want to live, work or head to a restaurant Downtown on the lake... Anyway, the County has botched the Park East. They should sell it to the city so they can actually get it developed and productive.

[Merkin]

50 million is probably on top of Hoan Bridge construction scheduled for 2014 and it would cost ~40 Million to move all the ramps. 10 million will go to community sensitive design and local street construction.

The entire Mitchell interchange was 270 Million and it's wayyyy bigger than this project.

[Supine]

Thank you for the info, Merkin.

[Rob702]

Would definitely improve Milwaukee's skyline. I always found it surprising that a city this big doesn't have a real skyline. Let's see if everything is going to look like that in a few years.

[guitarguy1685]

Originally Posted by Supine

I thought I heard on the TV news that is was projected to cost $50 million? If true... that surprises me. I would have thought this would cost a whole lot more, like a billion dollars.

Correct me if I'm wrong but I think those numbers are what they are worth not how much money they have on hand. So if they sold all their stock and other investments they would theoretically have that much money. They are filthy rich none the less.

Anywho, I hope this goes through!