DNR Awards Loans To Support Redevelopment In City Of Madison

MADISON, Wis. – The Wisconsin Department of Natural Resources (DNR) today announced loan awards totaling over $1.3 million to the city of Madison to support the cleanup of contaminated soil at three properties associated with the Huxley Yards redevelopment project on the city’s north side.

The awards are through the DNR’s Ready for Reuse loan and grant program, which provides financial assistance to eligible entities to clean up environmental contamination at brownfield properties. A brownfield is a property where expansion, redevelopment or reuse is complicated by real or potential contamination. Brownfields vary in size, location, age and past use.

The properties, located at 1846 Commercial Avenue and 905 and 1003 Huxley Street, were leased by the neighboring Oscar Mayer facility and used for the storage of fuel oil and as a coal yard. Environmental assessments found contamination on the property.

The awards provide up to $1,356,300 in zero-interest loans to the city of Madison to remove and dispose of contaminated soil from the Conway, the Victory and the View, which are each phases of the Huxley Yards redevelopment project within the Oscar Mayer Special Area Plan. The project will provide affordable housing for seniors and families, a senior community center and office space.

“I’m grateful to Secretary Hyun and Governor Evers for their support of the Ready for Reuse program and for the Huxley Yards project,” said Madison mayor, Satya Rhodes-Conway. “This infill redevelopment project, facilitated by crucial funding from the state, is making it possible to clean up a site where contaminated soil has been a concern for years. Huxley Yards will provide homes for hundreds of Madison residents in a very desirable neighborhood.”

The funding for the DNR’s Ready for Reuse loan and grant program is through a Revolving Loan Fund grant from the U.S. Environmental Protection Agency (EPA). Loan terms from the DNR are flexible and require a 22% match from the borrower.

The DNR has a wide range of financial and liability tools available to help local governments, businesses, lenders and others clean up and redevelop brownfields in Wisconsin, including awards to investigate and assess contamination on brownfield properties through the Wisconsin Assessment Monies program. DNR staff around the state are available to meet with community leaders, bankers, developers and private individuals to discuss brownfield projects through Green Team meetings.

Interested in learning how cleaning up brownfields can help your community? The DNR’s series of on-demand Brownfields Fundamentals webinars covers planning, cleanup, liability and other topics as part of a well-rounded crash course in Wisconsin brownfield redevelopment.

More information about the DNR’s brownfield cleanup programs and services is available on the DNR’s brownfields webpage.

NOTE: This press release was submitted to Urban Milwaukee and was not written by an Urban Milwaukee writer. While it is believed to be reliable, Urban Milwaukee does not guarantee its accuracy or completeness.