Unpaid property taxes at the site totaled more than $63,000 when the property changed hands. In addition, the county spent about $9,400 on environmental site assessments and other costs associated with the building, according to city documents.
The total value of the property in 1998 was $217,900, according to the Marathon County Land Records system; the value dropped to $150,000 in 2016.
When complete, the proposed apartments will be valued at about $600,000, according to city documents. The CDA will review a term sheet this week for the project, which is subject to full council approval.