Plans for converting the former Pabst Brewery into an entertainment, shopping, office and housing complex have been scaled back, and developers will cut by almost one half the amount of funding sought from Milwaukee taxpayers.
The proposed downtown development, known as PabstCity, is now expected to cost $317 million, with $39 million sought from the city, the project’s developers said Wednesday. Their estimate last summer of a $395 million development included $75 million in financial assistance from City Hall. Mayor Tom Barrett and other city officials said that earlier request was too high.
Good on Barrett and the other city officials. If only they had said that any welfare benefits to wealthy developers and corporations were too much.