Bishops Bay Back in Wall's Hands

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MTT News Desk's picture
By: 
Matt Geiger
Terrence Wall is back in charge of the Bishops Bay development.

As citizens and politicians in Middleton debate a controversial Erdman Holdings development on the other side of the community, local developer and former Republican candidate for the U.S. Senate Terrence Wall last week announced that he has regained control of the Bishops Bay development to the city’s north.

Wall is the man who first pitched the massive uber-development to the Middleton City Council, but he was later deposed when the T. Wall Properties Board of Directors voted to remove him from his position as president and CEO.

Last week’s announcement was somewhat convoluted, however, as Wall’s office made the news public in a press release sent to news outlets but later attempted to retract the statement.

“On September 16, through an agreement the ownership of The Community of Bishops Bay was distributed out from T. Wall Properties L.L.C. to its primary shareholders, who formed a new independent company which will be managed by Terrence R. Wall and will be governed by a newly formed Board of Directors made up of representatives of the investor group in the Bishops Bay company,” said the initial press release. A source with knowledge of the deal confirmed its veracity.

The announcement was followed later in the day with a retraction sent by assistant Laura Patterson “on behalf of” Terrence Wall. 

“The version sent to you earlier was intended as an internal draft and the contents of it cannot be  published in any form,” the follow-up press release stated. “Our team will reissue a new revised and finalized Press Release on Monday after Terrence Wall returns from a business trip and approved (sic) the release.”

The company claimed the finalized press release would “clarify a number of issues,” but the new version never came.

Bishops Bay is a master planned community located between Highways Q and M in the City of Middleton and Town of Westport on the north side of Lake Mendota.  The development encompasses approximately 750 acres that will be developed into seven distinct neighborhoods that will include 1,300 single-family home lots and 1,600 multi-family units.  

The proposal incorporates an elementary school, numerous parks, a place of worship, a lake, woods, and in the town center and various shops.

The community may house up to 6,000 residents over the next ten years. The first phase included 39 home sites and a few multi-family development sites.   

The second phase of the development could begin as early as the summer of 2014. It includes 45 single-family lots in the Back Nine neighborhood and an extension of Bishops Bay Parkway.

 

 

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