WEDC provided $243,000 toward a $2 million expansion of the regional grocery store. The expansion also created space for two additional businesses, generating 45 net new jobs. The retention of the grocery store downtown has allowed other projects to move forward, with a public-private Exploration Center project in planning phases and a Minnesota-based brewery considering relocation to the downtown area.
WEDC contributed $200,000 towards a $5.6 million project to convert a contaminated 2.5-acre riverfront site into 33 units of affordable housing. The project also received TIF financing from the city, which also spent $192,000 to acquire several parcels to assemble the site. Former uses included automotive and manufacturing. Remediation included the removal and disposal of 1,694 tons of soil contaminated with arsenic, lead, benzene and PAHS, and the introduction of backfill and an asphalt cap on portions of the property.
WEDC contributed $20,000 toward an $80,000 planning project to provide a master plan for future downtown development and address connectivity issues within the community. The plan identified a need for $1.2 million in public investment, which would leverage $7.9 million in private investment in the form of property improvements and new development. Since the plan, the village has identified a number of village-owned parcels downtown with redevelopment potential, and is working to market them to developers. They have also addressed many of the access and parking constraints identified in the plan.
WEDC contributed $499,970 toward a $40 million project to create 291 apartment units in four buildings on the site of the former Sweet Water Organics property, a site with a long history of metal fabrication activity. Site cleanup included removal and capping to address a number of contaminants including PAHs, RCRA metals and PCBs, as well as asbestos abatement and demolition. The introduction of residential uses also required installation of a sub-slab venting system.