STEVENS POINT, Wis. (WSAU) -- Stevens Point announced Friday a proposal to build a six story apartment building along Division Street adjacent to the University of Wisconsin Stevens Point campus.
Mayor Andrew Halverson says this would be a perfect for the nearby businesses and for students on campus in addition to having the investment in the Division Street corridor.
There have been apartment proposals in the past that have been opposed, by city council members and some community members including property owners that currently rent to students.
Halverson says the university is growing, and having more housing units available not only fills the need but keeps the market competitive. “This creates a highly competitive market, which is what we want. There’s obviously been a lot of really good landlords in the community, and there have been those who have let their properties deteriorate for many years, enjoying and reaping the benefits of ownership and not reinvesting capital and keeping those properties up.”
The Mayor says the number of student appropriate rentals and the condition of some properties has been brought up before. “Certainly, one of the battle cries that we’ve heard from parents who are bringing their children to our community is that safe and well-maintained housing is something that they’re looking for and this project would certainly give it to them.”
The proposal is from CFF, LLC and would build on the Point Motel property if approved by the city council. That approval is far from automatic, since the proposed apartments are in a tax incremental financing district and right on a major business route on the city’s north side.
The plans have not been completed, so there is also a concern about parking for the residents.
The apartment proposal is on Monday’s City Plan Commission agenda. That meeting starts at 6:00 p.m. at the Lincoln Center.
(Mayor Andrew Halverson's interview can be heard on our website, here.)