OSHKOSH, WI (WTAQ) – The City of Oshkosh is hoping to keep Oshkosh Corporation’s headquarters in town.
City officials are proposing to sell 35 acres of the Lakeshore Golf Course property to the company for $3.5-million dollars.
The city would also spend $7.2-million on infrastructure improvements in the area and set up a TIF District, with expectations of capturing at least $6-million in taxes over a 12-year period.
As part of the deal, Oshkosh Corporation would have to complete its headquarters by the end of 2019 and create at least $18.5-million in taxable value.
Oshkosh city officials say losing the company would also mean the loss of 450 current jobs, 200 future jobs, and a number of indirect jobs.
Earlier this year, Oshkosh Corporation said the Lakeshore site is the only one in Oshkosh that meets its criteria for a new headquarters.
The city’s Parks Advisory Board and Plan Commission are scheduled to meet at 6 pm Monday at the Oshkosh Convention Center to consider the proposal.
A special city council meeting is set for 5:30 pm Wednesday.
