WEDC contributed $762,500 in two grants (Site Assessment and Brownfields) toward a $100 million project to create an innovation campus on an 89-acre site in Wauwatosa. An additional $12 million in TIF funding was provided by the city. The grant facilitated cleanup of the site of a former hospital and children’s home on which foundry sand was discovered. EPA funds were also used in the project. Today, the site includes an innovation accelerator, office space and a hotel.
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 $30,000 toward the $120,000 final phase of the regional arts center project. This project incorporated a variety of elements central to the arts district project, including a central parking lot and historic mural. The project was part of a National Endowment for the Arts project and was the final public element of the arts district, which included restoration of the Pump House itself and development of the Weber Center for the Public Arts. Since the completion of the district, proposals have come forward for all remaining undeveloped parcels in the district, including $22 million in new investment and 70 new jobs with employers including Pitschke Motors, Hilton Home2 Suites and the Fairfield Inn.