State Awards $2 Million to Communities to Help Redevelop Idle Sites
La Crosse, Eau Claire County, Manitowoc, Waunakee receive WEDC grants to help spur new development on vacant, abandoned parcels
MADISON, WI. June 8, 2017 – The Wisconsin Economic Development Corporation (WEDC) today announced that four communities will receive a total of $2 million in state grants to help redevelop abandoned industrial sites throughout Wisconsin.
The cities of La Crosse and Manitowoc, the village of Waunakee, and Eau Claire County have each been awarded $500,000 under WEDC’s Idle Sites Redevelopment Program.
“The grants will play a key role in jump-starting redevelopment efforts that will have a significant economic impact in each community,” said Mark R. Hogan, secretary and CEO of WEDC, the state’s lead economic development organization. “Our $2 million investment will support projects expected to create hundreds of jobs and generate more than $60 million in capital investment.”
The grant recipients and project details are:
City of La Crosse: Plans call for redeveloping the 108-year-old La Crosse Plow building to include commercial, office and retail space on the first floor, and 60 high-end, loft-style apartments on the second and third floors. Located in downtown La Crosse, this building has been vacant for the last 23 years. The $33 million project is expected to create more than 270 jobs.
Village of Waunakee: The village plans to redevelop the former Waunakee Alloy Casting site into a new library that would be near downtown, senior housing, Six Mile Creek and a local elementary school. The $15 million project will provide new and expanded programming space for the library, and will also play a key role in revitalizing the village’s downtown corridor.
City of Manitowoc: The city plans to raze the old Mirro Aluminum facility, which has been vacant since 2003, and redevelop the 5-acre site. After the six- and seven-story blighted buildings are demolished, the city will conduct further soil and groundwater investigation and additional environmental cleanup before moving forward with a mixed-use redevelopment plan for the site.
The Idle Sites Redevelopment Program, created in 2013, stimulates investment and job creation in idle, abandoned and underutilized manufacturing sites that cannot be redeveloped solely by the private sector due to their scale and complexity.
The grants may be used for demolition, environmental remediation or site-specific improvements defined in the community’s redevelopment plan. The goal of the program is to advance the site to shovel-ready status or to enhance the site’s market attractiveness to encourage business growth.
Since the program’s inception, it has provided $12.8 million in grants to 17 municipalities statewide.
About the Wisconsin Economic Development Corporation
The Wisconsin Economic Development Corporation (WEDC) leads economic development efforts for the state by advancing and maximizing opportunities in Wisconsin for businesses, communities and people to thrive in a globally competitive environment. Working with more than 600 regional and local partners, WEDC develops and delivers solutions representative of a highly responsive and coordinated economic development network. Visit www.inwisconsin.com or follow WEDC on Twitter @_InWisconsin to learn more.
Mentioned in This Press Release
Recent Press Releases by Wisconsin Economic Development Corporation
WEDC investment to help fund construction of 50-room hotel
Ted’s Pizza Palace to receive up to $10,000 to help give business facelift
Winner to receive up to $10,000 to give their business a makeover this spring