Bedrock
Development agreement

500 Walton Avenue, Racine, WI

In CommitteeRacine County, WI
4/ 5
High impact
Bedrock impact score
Action type
Development agreement
Asset class
Multi-asset · site-wide
Status
In Committee
Filed
2026-08-14
Jurisdiction
Racine County, WI
Days on record
15 days
Aerial view of 500 Walton Avenue, Racine, WI
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01Investment highlights

Why this deal matters

  • Development agreement in Racine County, WI
  • Bedrock impact score 4 of 5 — High impact
  • TIF-backed infrastructure subsidy signals public financial support is in play
  • Competing developers should note this site is being locked up via a CDA development agreement, and Newport Builders is first-mover with public subsidy access.
  • On the municipal record 15 days (filed 2026-08-14)
02Deal summary

The rationale

TIF-backed infrastructure subsidy signals public financial support is in play — competing developers should note this site is being locked up via a CDA development agreement, and Newport Builders is first-mover with public subsidy access.

Racine County is considering Resolution 26-14 to authorize the Community Development Authority to draw from Tax Incremental District No. 22 infrastructure funds and execute a development agreement with Newport Builders for a redevelopment project at 500 Walton Avenue.

03Deal facts

The filing record

Jurisdiction
Racine County, WI
Action type
Development agreement
Asset class
Multi-asset · site-wide
File number
#0751-26
Applicant
Newport Builders
Status
In Committee
Filed
2026-08-14
Days on record
15 days
04Location

Where this sits

Satellite view of the parcel — pan, zoom, and switch layers.Esri World Imagery
500 Walton Avenue, Racine, WI
42.74965, -87.78619
Street view

At street level

Street view of 500 Walton Avenue, Racine, WI
Google Street View · nearest outdoor imagery
Area demographics

Racine County

195,859
Population
$62,556
Median HH income
77,648
Households
$728
Median rent
U.S. Census · ACS 5-year
Nearby amenities

Within ~1 mile

20 Transit
8 Schools
20 Dining
4 Grocery
7 Parks
Points of interest · Google Places
05Record timeline

Filing to current status

  1. Filed with jurisdiction
    2026-08-14
    15 days on record
  2. Scored by Bedrock
    Relevance 4 / 5
    Automated land-use signal
  3. Current status
    In Committee
    Live municipal record
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