city owned land
City property purchases, sales, development, expansion and related agreements
What to Watch
Watch for an open-session action on the Coenen-Buyeske purchase terms, the TIF district funding plan, and any sale decision involving the Woodland Industrial Park acreage.
Coming Up
Typically discussed at Business and Industrial Development Committee - Community Development Authority. Check back when the next agenda is published.
The Story
The city is pursuing the Coenen-Buyeske property at 4955 CTH VV for a housing project with about 36–40 single-family lots and potential for roughly 100 apartments. Staff said closing is scheduled for Sept. 15, 2026, or earlier by agreement, and expects added TIF district revenue to help cover site preparation and infrastructure.
Key Decisions
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passed Business and Industrial Development Committee - Community Development Authority · Jan 27, 2026 Discussion on possible relocation of Renee's Popcorn
Motion to give Staff the flexibility to negotiate a land negotiation on the 18th Street and Hawthorne Avenue lot
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passed Business and Industrial Development Committee - Community Development Authority · Nov 25, 2025 Discussion of per acre pricing for City-owned land in Woodland Industrial Park
Raise the price to $27,500 per acre for all city-owned industrial land effective December 1.
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passed Business and Industrial Development Committee - Community Development Authority · Oct 28, 2025 Consideration of purchase offer for Lot 24 Sandy Ridge Drive
Motion to counter the $52,000 purchase offer for Lot 24 Sandy Ridge Drive at $54,500
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passed 7-0 City Council · Oct 20, 2025 25-209 Consideration of a Vacant Land Listing Contract with Weichert, Realtors CornerStone
Motion to approve and authorize City Manager to sign the contract on behalf of the City (Vacant Land Listing Contract with Weichert, Realtors CornerStone)
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passed 7-0 City Council · Oct 20, 2025 25-208 Consideration of a Ground Lease Agreement Between the City of Two Rivers and TowerPoint
Motion to approve and authorize City Manager to sign the agreement on behalf of the City (Ground Lease Agreement Between the City of Two Rivers and TowerPoint)
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passed 6-2 City Council · Jul 7, 2025 25-132 Agreement With Wine Not, LLC for City Purchase of Parking Lot Parcel Located at SW Corner of Adams and 18th Streets
Motion to authorize the City Manager and City Clerk to execute the agreement with Wine Not, LLC for City purchase of parking lot parcel located at SW corner of Adams and 18th Streets, with correction of the parcel number and language change on pages 3 & 4 to clarify that the cost of title insurance is the responsibility of the Seller
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passed 7-1 City Council · Jul 7, 2025 25-131 Resolution Amending the 2025 City Budget to Provide Funds for Proposed Property Purchase
Motion to waive reading and adopt the resolution amending the 2025 City Budget to provide funds for proposed property purchase
Record
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Staff discussed possible future expansion of Sandy Bay Highlands, including three nearby properties under different ownership; no vote was taken.
City Council -
Staff reviewed city-owned land inventory, market interest, and possible future expansion of Woodland Industrial Park and sought general policy direction; no action was requested.
City Council -
A committee voted 7-0 to enter closed session to discuss property acquisition and business assistance under state law.
Business and Industrial Development Committee - Community Development Authority -
Staff updated the committee on the proposed acquisition of the Coenen-Buyeske property at 4955 CTH VV, with a concept of about 36–40 single-family lots and potential for around 100 multi-family units.
Business and Industrial Development Committee - Community Development Authority -
Staff said the city is targeting finished single-family lot prices of about $70,000 to $75,000 and scheduled closing on the Coenen-Buyeske property for Sept. 15, 2026, or earlier by agreement.
Business and Industrial Development Committee - Community Development Authority -
The city manager said a TIF district extension is projected to generate about $160,000 more in tax revenue and that the city expects to use it for site preparation and infrastructure.
Business and Industrial Development Committee - Community Development Authority -
The committee entered closed session to discuss property and public-fund negotiations, including a Sandy Bay lot offer, a potential sale of 9.5 acres in Woodland Industrial Park, and a broker opinion of value for the Coenen-Buyeske property.
Business and Industrial Development Committee - Community Development Authority -
City Council was scheduled to consider renewing WG&R Bedding's right to match a bona fide offer for city-owned land at 4618 Woodland Drive.
City Council