steinbring

joined 1 year ago
 

That would be neat.

“What this would establish is a commission that could then apply for what’s then called Corridor ID from the federal government, which then puts us in line for federal funding that is available that would establish this rail line,” said Redevelopment Authority of the City of Milwaukee deputy director Dave Misky to the Public Works Committee Wednesday morning.

The Common Council in each of the three largest cities on the route is now formally approving a cooperation agreement to finalize an updated plan for the line.

“All of the mayors are very excited about the opportunity to apply for this grant,” said Misky of Mayor Cavalier Johnson, Racine Mayor Cory Mason and Kenosha Mayor David Bogdala. Each endorsed the idea in an August press release.

The 33-mile line would follow the lakefront from the Chicago-focused Metra station in Kenosha north to downtown Milwaukee, linking several south suburban communities with a 53-minute end-to-end trip.

 

Last month, Milwaukee County Zoo's North Shore Bank Safari Train got its first new engine in more than 30 years.

Engine No. 2025 – a 15-inch Tier 4 diesel hydraulic locomotive built by Swanee River Railroad Company in Lufkin, Texas – arrived at the Zoo on Aug. 8.

The engine, which is 20 feet long and 45 inches wide was delivered to the Zoo by the Texas company, which tested the engine to ensure smooth sailing on the zoo's tracks.

The locomotive is the first at the zoo to have been built outside of Wisconsin. It is modeled after an F40-PHL style engine.

 

The free, outdoor street party is happening on Wednesday, Sept. 10, from 5 p.m. to 9 p.m., on West Wisconsin Avenue between 2nd Street and Vel R. Phillps Avenue.

The Market features over 100 local vendors, artists, performers and more. This month, the Market has a special "College Night" theme, sponsored by Milwaukee Area Technical College, Enerpac Tool Group and Milwaukee Brewers. College Night offers new students and those returning to Milwaukee-area campuses the opportunity to explore more of the city and experience performances, support local businesses and participate in a scavenger hunt for the chance to get a free Night Market T-shirt.

“We are always excited for an opportunity to introduce a new audience to the Westown neighborhood, and College Night is the perfect way for area students to get a taste of life off-campus,” said Stacie Callies, Executive Director of Westown Association. “We hope the Night Market will serve as a catalyst, not only for students, but for all visitors to become regular patrons of our downtown neighborhood.”

 

As the damage estimates from the cataclysmic August flooding continue to rise, everyone affected waits for a decision from President Donald Trump.

On Aug. 27th, Gov. Tony Evers formally requested a Presidential Disaster Declaration. A spokesperson for the Federal Emergency Management Agency (FEMA) told Urban Milwaukee the request is being processed and there is “no set timeline for a decision.”

FEMA officials have already finished a preliminary assessment of the damage. They began a verification process for public infrastructure damage Monday.

Just days after Evers petitioned the Trump administration for help, the estimated cost of damage to public assets in Milwaukee County rose significantly, outstripping even the estimates the governor provided for damage across six counties from the once-in-1,000 year flooding that occurred on Aug. 9-10.

 

Milwaukee Film Festival 2025 runs from April 24 until May 8. This year’s Festival will feature about 200 short and feature-length documentary and fiction films.

 

Quad/Graphics Inc., which still relies heavily on revenue from commercial printing, anticipates a fourth consecutive year of sales declines in 2025 as sales and profits face headwinds including a postal rate increase and possible tariffs on paper from Canada.

The Sussex-based printing and marketing firm (NYSE: QUAD) continues diversifying its business from shrinking commercial printing segments, such as magazines and newspaper inserts, to higher-margin targeted print products and Quad’s marketing and advertising businesses.

Quad executives told analysts and investors in late 2024 the company would see continued sales declines until 2027 or 2028, when revenue is expected to increase and cash flow to improve.

For the near term, the company last week increased its quarterly dividend by 50% to 7.5 cents per share per quarter, or 30 cents per share annually.

Chairman and CEO Joel Quadracci told analysts Thursday that Quad expects U.S. postal rate increases to continue outpacing the overall inflation rate. That adds to customer costs and causes some customers to reduce the volume of printed products they’re planning to mail, he said.

Quadracci said he expects another postal rate increase of up to 13% in July. The latest rate hikes were planned under outgoing Postmaster General Louis DeJoy, but Quadracci said he expects the U.S. Postal Service to implement the rate hike regardless of the organization’s leadership.

 

The parent company of PyraMax Bank is voluntarily delisting from the Nasdaq and transitioning to trade over the counter in an effort to reduce expenses.

1895 Bancorp of Wisconsin Inc. (Nasdaq: BCOW) said it would be withdrawing the registration of its common stock with the Securities and Exchange Commission, according to a press release.

The bank has been public for about three and a half years, with its listing on the Nasdaq starting in July 2021, the culmination of a conversion project the former mutual savings bank began early that year.

Mutual savings banks are owned by their depositors, not outside shareholders, as the bank was once it transitioned.

BCOW's stock started out trading with a share price over $15 but within days settled down to trading between $10 and $11, a level it stayed at until March 2023.

The stock was generally selling for less than $10 a share until October 2024, when it returned to that level, where it has stayed. On Wednesday, it closed at $9.98.

The decision to delist and deregister was made to reduce expenses and allow management more time to focus on its core mission, PyraMax Bank CEO David Ball said.

[–] steinbring@midwest.social 0 points 10 months ago

Their gas infrastructure is crumbling. When it polar vortexes in Wisconsin, there is at least a day or two of "We can't keep up. Please use less gas." If they don't invest in renewables, I'm guessing they would invest that money in fixing that.

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