Barrett releases details on Northwestern Mutual expansion
Shelly Walcott reports Video by tmj4.comvideo
Here are another view of Milwaukee's own di Suvero at O’Donnell Park -- "The Calling," shot from behind and looking west, with the Northwestern Mutual Life Insurance buildings, the Cudahy Tower and University Club Tower in the distance. Image by Benny Sieu
MILWAUKEE - Milwaukee Mayor Tom Barrett unveiled a plan for a new high rise office building downtown, an expansion by Northwestern Mutual.
The structure will be 35 stories high and cost about $300 million.
"Northwestern Mutual will pay for the construction and then over the course of years as it pays its taxes, a portion of those taxes will be returned to offset the investment we are making," says Barrett.
The mayor released details to the public Thursday during a press conference with other city leaders.
Northwestern Mutual is replacing its current 16 story building at the same location.