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High Rates, Costs Stall Milwaukee Developments

Source: jsonline.com

Several major downtown Milwaukee projects approved years ago have not started construction or stopped midway.
High loan interest rates, rising construction costs, and economic uncertainty are the main reasons for delays.
Developers also blame a surplus of luxury apartment units in the city.

Downtown Milwaukee's development boom is hitting major roadblocks as big projects sit idle. High costs and shaky finances threaten the city's push to grow its core with new housing and jobs.