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Property sale, building start coming soon for Couture

The long haul for work to begin constructing the $122 million Couture apartment or condo high-rise, on downtown Milwaukee's lakefront, will likely quickly be over.
Developer Rick Barrett, who introduced the job four years back, had hoped last summer season to finish his purchase of the development site by the end of 2015.
He made that remark after Preserve Our Parks announced it would not appeal a judge's ruling allowing the Couture task to continue at the Downtown Transit Center property, 909 E. Michigan St.
In December, Teig Whaley-Smith, Milwaukee County administration director, stated the sale of the county-owned property was expected to occur by the end of March.
Whaley-Smith now says the sale is arranged to take place on April 29.
The sale has actually been delayed because the county is seeking a last contract from federal authorities to avoid paying the difference between the property's evaluated value and its affordable sale price. That agreement is tied to a 1988 Federal Transit Administration grant that helped finance the transit center.
The federal firm in 2012 stated Milwaukee County could use the underused transit center sale continues to another capital task.
Mayor Tom Barrett's administration in 2014 broadened the prepared downtown streetcar service to consist of a connection to the Couture's transit concourse.
City authorities said a multimodal transit concourse, which would consist of bus service, would assist the county get an arrangement to prevent paying over $8 million to the Federal Transit Administration. The Common Council in 2015 approved the tram growth, with opponents raising doubts about that claim.
No choice has actually been made yet about the proposed transit center sale to Rick Barrett, an FTA spokeswoman stated in a declaration.
"FTA continues to remain in interaction with Milwaukee County about the sale of the transit center and the federal requirements that govern such deals," the declaration says. "We expect a final decision will be made this spring.".
Whaley-Smith said he anticipates the firm within the next few days to approve the plan, permitting the county to avoid making the $8.4 million payment.
Rick Barrett had wished to complete razing the transit center by spring before summer fest and other events begin at neighboring Maier Festival Park. He wants to start building by fall on the 44-story home tower, which would take 3 years to complete.
Whaley-Smith stated Barrett can start demolishing the transit center as soon he seizes the property in late April.
The center acts as a stopover station for buses at the end of their paths. Those operations will be shifted to other downtown-area locations while the Couture is established.
Rick Barrett, in a statement, said he's anticipating beginning demolition this year.
Milwaukee County Circuit Judge Christopher Foley ruled in June that a 2014 state law that established a Lake Michigan lake bed border east of the transit center is valid.
The judgment cleared title to the 2.2-acre transit center website so the county can sell it to Barrett Lo Visionary Development at a reduced rate of $500,000.
The discount in the property's list prices from the $8.9 million assessed value was needed to make the task financially feasible, according to county officials.
The proposed $122 million privately financed Couture would consist of 302 high-end apartment or condos, in addition to restaurant and retail space.

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Munoz, Miyazato lead way at Objective Hills

Azahara Munoz break out of a type downturn at a suitable time and Ai Miyazato's renaissance continued at the ANA Inspiration on Thursday as the pair shared the opening round lead in the very first women's major of the year.
Spain's Munoz and Japanese Miyazato each carded rounds of five-under-67 at Mission Hills Country Club in Rancho Mirage, California to share top area, one clear of Scotland's Catriona Matthew, South African Lee-Anne Pace and Japan's Shiho Oyama.
Munoz, who has cannot complete higher than 33rd this season and has not recorded an LPGA top 10 since August last year, carded 6 birdies however hung back with a bogey on her final hole.
"Obviously one round is not going to completely change my self-confidence however I am feeling great," Munoz told reporters. "I have really been playing truly well and my ratings haven't shown it at all. I think it was simply a matter of time until things started occurring and it did today. Hopefully it remains like that.".
Miyazato, world number one back in 2010, sat 157th in the rankings before finishing 3rd last week at the Kia Classic.
The 30-year-old opened with four birdies in her opening six holes then tacked another onto her tally on the 18th to prove her enhancement in form was not a false dawn.
"I was truly pleased to play my video game again. I was sort of having a hard time the last couple of years however I made it through," Miyazata said.
"I am still while doing so however I understand I am moving forward and I feel excellent.".
Ryann O Toole, Gerina Piller and 2014 champ Lexi Thompson shared top American honors with three-under-69s to be tied for sixth, while world top Lydia Ko rode a rollercoaster with 4 birdies and two bogeys in a round of 70.
"I stood out my irons and everything respectable but I didn't strike my driver very well particularly on the back nine so I believe that's where my bogeys sort of originated from," Ko admitted after taking a share of 14th. "I gave myself numerous looks up the hill for birdie however I just wasn't able to commit to my speed and I left several out there that were on line however short. That's the last thing you want to be doing.
"But a two under start to the first significant of the year I am quite pleased with that.".
Protecting champ Brittany Lincicome settled for an even par 72.

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