Summerfest to purchase vacant building for more parking
The board that operates Summerfest plans to buy a building formerly used by Charter Wire in Milwaukees Historic Third Ward.
The building will be demolished to create room for 463 parking spaces, said John Boler, vice president of sales and marketing for Milwaukee World Festival Inc.
The Milwaukee World Festival board this morning voted to purchase the 38,360-square-foot vacant industrial building, located on a 1-acre site, for $815,000. The building is owned by the Glass family, which leased it to Charter Wire, Boler said.
The building is located adjacent to an existing Summerfest parking lot and is connected to the larger Charter Wire building, which is located at the southeast corner of East Polk Street and North Jackson Street.
Charter Wires lease for the Glass family building expired at the end of 2009, Boler said.
Charter Wire, a division of Charter Manufacturing Co. Inc. that produces steel wire used in the auto, construction, defense, energy and lawn and garden industries is moving its operations out of the Third Ward to the Menomonee River Valley. Charter Wire representatives could not be reached for comment.
When asked if the Summerfest board is interested in purchasing the larger Charter Wire building, Boler said, no comment.
The building that the Summerfest board is purchasing will provide needed parking space for now, but it could be developed in the future, Boler said.
Should there be any other development opportunity down the road we will take a look at that, he said.
The Milwaukee World Festival board this morning voted to purchase the 38,360-square-foot vacant industrial building, located on a 1-acre site, for $815,000. The building is owned by the Glass family, which leased it to Charter Wire, Boler said.
The building is located adjacent to an existing Summerfest parking lot and is connected to the larger Charter Wire building, which is located at the southeast corner of East Polk Street and North Jackson Street.
Charter Wires lease for the Glass family building expired at the end of 2009, Boler said.
Charter Wire, a division of Charter Manufacturing Co. Inc. that produces steel wire used in the auto, construction, defense, energy and lawn and garden industries is moving its operations out of the Third Ward to the Menomonee River Valley. Charter Wire representatives could not be reached for comment.
When asked if the Summerfest board is interested in purchasing the larger Charter Wire building, Boler said, no comment.
The building that the Summerfest board is purchasing will provide needed parking space for now, but it could be developed in the future, Boler said.
Should there be any other development opportunity down the road we will take a look at that, he said.
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