Wausau and Port Edwards have been select as two of six Wisconsin cities to share in a multi-million grant to redeveloped abandoned industrial sites.
According to a press release, Beloit, Milwaukee, Port Edwards, and Wausau each will receive $1 million under the Idle Industrial Sites Redevelopment Program. Waterloo will receive $584,000 and Madison was granted $534,000 under the program, which is administered by the Wisconsin Economic Development Corporation.
In Port Edwards, the grant will be used to redevelope the 193-acre site that was a mill owned by Domtar Corp. City officials are planning a research and business park on the site.
In Wausau, 21 acres along the Wisconsin River will be revitalize as part of its $82 million East Riverfront Redevelopment effort.
“These grants will help stimulate investment and job creation on manufacturing sites that have been idle or underutilized for years,” Governor Walker said. “This will help make those sites more attractive to developers, site selectors and businesses, and should not only bring more jobs to these areas, but also boost investment throughout the community.”
“The six sites all are located in prime locations and have the potential to become the cornerstones of their respective communities,” said Reed Hall, secretary and CEO of WEDC. “However, because of their size and other complexities, the sites cannot be redeveloped solely by the private sector. This program provides these communities with the resources to help get these sites shovel-ready.”
The marks the first year of the Idle Industrial Sites Redevelopment Program, which offers grants of up to $1 million to communities for the implementation of redevelopment plans for sites of 10 acres or more that have been idle, abandoned or underutilized for at least five years. The sites must have had at least 25 years of prior commercial or industrial usage to qualify.
The funds can be used for demolition, environmental remediation, or site-specific improvements defined in a redevelopment plan.
The state Department of Natural Resources assisted WEDC is selecting the six grant recipients from the 16 communities that applied.
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