WAUSAU, Wis (WSAU) Wausau now owns 16-acres of riverfront land on the east side. The city bought three lots north of Bridge Street between the Wisconsin River and Third Street for $2.6-million. The money came from financing a tax-finance district.
The city announced plans to purchase the three riverfront lots last December.
Some of the land will be resold for private development. The city hasn't finalized any development plans, although many city leaders say a mix of high-end residential and retail had been discussed. The city still needs to determine how much clean-up is needed, and whether there are environmental contamination issues.
Some of the land will also be used for open space along the riverfront.