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Packers organization spends $27 million on real estate plans

Green Bay officials want to do to Lambeau Field what the Patriots did to Gillette Stadium.

Green Bay officials want to do to Lambeau Field what the Patriots did to Gillette Stadium.

Anyone who had planned on building or moving into a home that was closer to Lambeau Field won't like what the Green Bay Packers have been doing for the last five years.

According to the Green Bay Press-Gazette, the Packers' organization has spent more than $27 million in acquiring 28 acres worth of land to build a sports and entertainment district.

"We think this area is prime for development," said Jason Wied, vice president for administration and legal counsel for the Packers, in an interview with the paper. "It will help us diversify our investments."

The Packers organization is quiet about what the property will be used for, but the possibilities include retail stores, hotels, restaurants and healthcare facilities, according to the paper.

While the state's football organization is putting the kibosh on people moving closer to the field, the Green Bay area is one of the country's best to move to for people looking for work. According to a survey conducted by Milwaukee Manpower, 22 percent of Wisconsin firms plan on hiring employees in the second quarter of this year.