Green Tree Construction, a Stevens Point-based company, has proposed to purchase 6 acres of undeveloped land from the Wausau Economic Development Board for residential development. The property is located on the east side of 72nd Avenue and is surrounded by wetlands. Half of the land will be given away to the company for free, resulting in additional tax revenue for Wausau.

The remaining 3.1 acres are priced at $38,750 based on the standard business campus price per acre of $12,500. This includes the value of the wetlands on the property. The city does not currently collect taxes on this land because it is owned by Wausua. By selling this land for residential development, the city hopes to provide much-needed housing while generating tax revenue.

Randi Fifrick, Wausau Economic Development Manager, explained that this housing development will be an extension of previously approved family homes in the area. The Green Tree Meadows subdivision was approved by the Wausua City Council in March after approval by several commissions in February. This project aligns with the city’s goal of providing affordable housing options for its residents while promoting economic growth and development in the area.

By Samantha Johnson

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