WEDC contributed $235,000 toward the $3 million downtown redevelopment project. The project allowed Ace Hardware to open in a converted warehouse, and created space for a new NAPA Auto Parts to open in the community while retaining five existing tenants and recruiting three new, smaller tenants, which benefit from improved space and visibility. The project created a combined 30 additional jobs.
WEDC contributed $459,529 toward a $31 million redevelopment project including housing, retail and a health care facility on the former Bancroft Dairy site. The dairy plant had closed 10 years prior, and the 1.64-acre site had residual soil contamination, which required disposal and capping.
Oshkosh received $375,000 in Idle Sites Redevelopment Program funding for their $1.5 million redevelopment of the former Jen-Weld manufacturing site. The site will include mixed-use development with residential, commercial and office space, including a grocery store, located on a 27-acre riverfront site. Upon completion, the project is expected to represent $60 million in private investment.
WEDC contributed $10,750 toward Watertown’s $50,000 downtown planning effort. Since completing this plan, Watertown has been able to attract a private investor to acquire and redevelop a downtown anchor that has been vacant for 15 years, and is also establishing a municipal loan fund to address upper-floor vacancy issues identified in the planning process. Planning is also under way for a library expansion, and the city is working to acquire properties and recruit a downtown hotel to meet additional identified demand.