Developer misses city loan deadline. He’s seeking other financing to redevelop historic Sears store

Developer Kalan Haywood Sr. apparently has missed a March deadline to begin repaying a $3.85 million City of Milwaukee loan.

Meanwhile, Department of City Development officials say Haywood is seeking other financing sources to redevelop a historic former Sears store , 2100 W. North Ave.

The Wisconsin Housing and Economic Development Authority “is looking at both tax credits and bond financing” for the project, said Madison Goldbeck, the development department’s marketing and communications officer…

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