Saturday, March 7, 2020

Oshkosh wants to pay Art Dumke $900,000 for property recently valued at $249,000 in new Sawdust District

City of Oshkosh photo
Lueck's Home Improvements recently moved from this South Main Street site to Harrison Street.

By Miles Maguir
The city is poised to spend more than $900,000 on the former South Main Street location of Lueck’s Home Improvements, which was assessed last year at $249,000 and was sold this week for $790,000.

In a memo dated March 4, Allen Davis, the city’s community development director, recommended buying the parcel for $908,000.

The seller would be Art Dumke, according to the memo. Dumke is working to redevelop the nearby Pioneer Island site.

“Dumke has stressed how important the redevelopment of this part of the Sawdust District is for his plans for the Pioneer redevelopment,” Davis said in his memo. “To that end, Mr. Dumke has acquired 706 S. Main Street, Lueck's Hardware, and is prepared to offer the property to the city/ RDA for $908,000.”

According to the city assessor’s website, an entity called 706 S Main St LLC purchased the site on March 2 for $790,000, or $118,000 less than the city is proposing to pay. That limited liability company is registered to Jason Hirschberg, an attorney for Dumke.

For 2019 the property was given a fair market value of $249,300, up $6,000 from the 2018 figure of $243,300.

Neither Dumke nor Davis responded to requests for comment.

According to city documents, the Redevelopment Agency is scheduled to consider the transaction on Monday. The deal would then move to the Common Council for approval on Tuesday.

The site is across the street from a parcel valued at $150,000 that the city sold to Dumke’s brother Andy for $1 late last year.

The city has already bought all of the properties adjacent to the Lueck’s site, according to Davis’s memo. Officials previously tried to attract a developer in this part of the newly designated Sawdust District but got no takers.

“There were too many unknowns with the surrounding properties at the time,” Davis wrote in his memo. The city hopes that the consolidated site resulting from this and earlier acquisitions will “generate greater interest” from developers when it issues a request for proposals later this spring, he said.

Lueck’s had operated at the site since 1972. It recently moved operations to Harrison Street, according to its Facebook page.

1 comment:

  1. Another typical insider deal. Very common in crooked Oshkosh