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 $13,000 toward the $100,000 project to restore two iconic properties in downtown Omro: the Clock Tower and Masonic Temple. The project has created space for a historical museum and visitor center for the community, which is working to expand tourism efforts associated with Fox River traffic.
The City of Wausau received $1 million in Idle Industrial Sites Redevelopment grant funds to be used in conjunction with private funding as well as city funds and four other grants to implement one portion of the $82 million East Riverfront redevelopment project. The funds from WEDC will be used for sewer/water extension, public space, additional public parking, overhead utility reduction and marketing/promotion. The site represents 21 acres on the Wisconsin River, incorporating six former industrial facilities/parcels. Redevelopment of the first 16-acre site will include $6 million in city investment and $20 million in private investment, resulting in 340 residential units, 38,000 square feet of office space and 77,000 square feet of commercial space.
WEDC provided $534,000 toward the redevelopment of the 27-acre Royster-Clark site. The site was developed by Ruedebusch Development in partnership with Stonehouse Development, with new development including apartments aimed at low-income and disabled residents, commercial development and the construction of a library. Veridian Homes is also looking at developing 57 lots of single-family housing as a second phase of the project.