TID Number 5
| Statistic | Amount |
|---|---|
| Base Value (1994) | $18,524,000 |
| Current Value (2016) | $41,354,200 |
| Original Property Taxes | $516,600 |
| Current Property Taxes (2016) | $1,137,737 |
| Property Tax Increment | $621,137 |
TID Expiration Date: 2027
Tax Incremental District Number Five consists of approximately 44 acres of land located in a four block long by two block wide corridor in the northeastern portion of West Allis commonly referred to as the "Six Point/Farmers Market" Neighborhood. The creation of the District was necessary to eliminate and prevent the spread of blight experienced in the years following the closing of the Allis-Chalmers manufacturing plant. Currently, Mandel Group is building its multi-phase The West and SoNa (South of National) mixed-use projects in this area.