- A $455 million, 650-room “headquarters” hotel is proposed to replace Miller High Life Theatre in Milwaukee.
- Project may require public funding due to high costs and interest rates, planners said.
- Officials are weighing public-private partnership and public ownership models.
- The development timeline is estimated at four to five years.
The Wisconsin Center District is continuing to consider a headquarters convention hotel for downtown Milwaukee. A committee on April 1 discussed whether a public entity could be part of project financing and ownership.
The district’s Highest and Best Use Analysis Committee was presented with the financing overview of a proposed $455 million, 650-room hotel to replace the Miller High Life Theatre at North Sixth Street and West Kilbourn Avenue.
Project planners said the hotel is only feasible with public dollars and possible public ownership due to higher construction costs and increased interest rates…