Wausau riverfront development moves forward - WAOW - Newsline 9, Wausau News, Weather, Sports

Wausau riverfront development moves forward

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WAUSAU (WAOW) -

Tuesday evening, Wausau City Council approved a change in a development agreement for a riverfront project.

Quantum Ventures will take over as an investor for the Riverlife Villages along the east riverfront. The $20 million development includes apartments, condos and commercial real estate space.

However, the decision did not come without controversy and quite a few questions at the meeting.. Citizens and council members questioned the legitimacy of Quantum Ventures along with financial capabilities after a failed project in Green Bay.

Michael Frantz, President of Quantum Ventures, told the council that there's nothing to worry about.

"We've met all the development agreement obligations I think at this point," said Frantz. "If in fact I don't personally have the financial where-with-all to get it done I have a sphere of influence and investors that can make sure we can support this project and get it done."

Frantz said they've already secured apartment tenants and commercial leasing space.

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