Friday, February 23, 2018

Wisconsin Dells Use CDA Funds 2 Meet Credit Needs Business Operators

The triple aim of Louis Kutzke's candidacy for mayor of the City of Wisconsin Dells is :
- Build visibility to things that matter to residents
- Bolster local commerce
- Reduce Municipal debt

How do we know commerce in the commercial district needs to be improved?  Residents are invited to go in to the City of Wisconsin Dells Municipal Web Site under the posting (CDA) community development authority October 23, 2017.  This summary of the meeting describes the creation of a loan contract of 100 thousand dollars for the purchase of the 321 Broadway property by an individual- the City is in 2nd position to the Bank of Wisconsin Dells as a lien holder. 

This is evidence for the greater dependence upon City of Wisconsin Dells (CDA) community development authority funds to meet the credit needs of the business operators in the down town commercial district.  This describes a Municipal reaction being applied to compensate for the conditions created through unsound policy.  The communities limited understanding of proper business practice has created a climate where local operators cannot have access to money through traditional lending institutions.

It is beneficial to make the connection between the policy informed function of the Municipality and the lack of business development and growth across the commercial district.  The City of Wisconsin Dells lacks the access to funds to continue to create loans for potential business operators this activity is not self sustaining.



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