Tower Redevelopment Plan Risky, Report Says Morics Weighs Financial Hazard Vs. Opportunity

Summary


By TOM DAYKIN

The city's $34.6 million plan to buy and redevelop 84 acres of the former Tower Automotive Inc. site, and to make other improvements in the adjacent north side neighborhood, poses significant financial risk to taxpayers, a new report says.

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Tower Redevelopment Plan Risky, Report Says Morics Weighs Financial Hazard Vs. Opportunity

But the proposal also offers an opportunity to replace a deteriorating industrial complex with a new business park, attracting an est...

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