UWM Downtown » Costs http://www.uwmdowntown.org Great Ideas - Great Location Tue, 10 Jun 2008 21:12:15 +0000 http://wordpress.org/?v=2.8.4 en hourly 1 A Quick Comparison of the Costs Related to Wauwatosa vs. Downtown for the Expansion of UWM http://www.uwmdowntown.org/2008/05/03/a-quick-comparison-of-the-costs-related-to-wauwatosa-vs-downtown-for-the-expansion-of-uwm/ http://www.uwmdowntown.org/2008/05/03/a-quick-comparison-of-the-costs-related-to-wauwatosa-vs-downtown-for-the-expansion-of-uwm/#comments Sat, 03 May 2008 17:16:32 +0000 UWM Downtown http://www.uwmdowntown.org/2008/05/03/a-quick-comparison-of-the-costs-related-to-wauwatosa-vs-downtown-for-the-expansion-of-uwm/ Costs Wauwatosa Downtown Purchase Price of Land $12 million1 $4-6 million2 Major Infrastructure $15-20 million3 $04 Parking Facilities • $20 million, exclusive use, 1000
car garage • Arrangement with other
operations Approvals • Milwaukee County Approval
• City of Wauwatosa Approval • City of Milwaukee Approval Timing • Must build infrastructure first
• Zoo Interchange reconstruction
starts in 2010 • Infrastructure already in place
• Marquette Interchange done
in 2009 Additional • Underground or structured
parking5
• Rehabilitating the Eschweiler
Buildings
• Unknown soil conditions (burial
ground?)
• Better transportation between
main campus
• Students services (housing,
cafeteria, etc.) • Underground or structured
parking
• Unknown soil conditions
(contamination?) Externalities/Social
Costs • Environmental Impacts (traffic,
stormwater, sprawl)
• Student access to higher
education impeded • None

Notes:

  1. This estimate, from a November 17, 2007 Journal-Sentinel article, is extremely conservative for the purchase of 83 acres of valuable County Grounds land: http://www.jsonline.com/story/index.aspx?id=687436. However, less than 50% of the 83 acres would be used for UWM buildings and related research, the remaining acres would be for freeway buffers and stormwater management. UWM would be buying land that can’t be used for research. http://www.uwm.edu/CEAS/assets/UWMInnovationParkDraft0907.pdf
  2. Downtown land sells for approximately $2m/acre. Only 2-3 acres (one city block, no land assembly needed) would be needed for the school in a downtown location because there is no need to build roads, pay for freeway buffers or stormwater management spaces. Plenty of vacant land available, no demolition costs needed.
  3. Estimated costs for roads, sewer, water, stormwater management and other major infrastructure needed in Wauwatosa.
  4. Downtown has all major infrastructure in place.
  5. As shown in UWM’s initial concept for the campus, there is little to no surface parking and it contemplates a 1,000 car underground parking deck: http://www.uwm.edu/CEAS/assets/UWMInnovationParkDraft0907.pdf
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