garners $1 million clean-up grant
A major redevelopment project planned for downtown Cudahy received a financial boost April 12 when the state announced that a $1 million grant would be awarded to help address soil contamination at the site.
The project is one of 14 that the state will fund through its Brownfields Grant Program, administered by the Department of Commerce. A total of $4.4 million was allocated in this round of grants.
The following summarizes the successful proposals in southeastern Wisconsin:
City of Cudahy and Gateway Real Estate, Cudahy, $1 million – The City of Cudahy and Gateway Real Estate will remediate and redevelop a 38-acre site for retail, commercial and industrial uses, including a Patrick Cudahy manufacturing facility expansion. The value of the property is expected to increase from $451,200 to $18 million. The project will create 150 production positions at an average wage of $10/hour and will leverage $8 million in additional investment.
Badger Association for the Blind, 921 N. Hawley Rd., Milwaukee, $200,000 – The Badger Association for the Blind will expand and renovate its current facility and construct a new parking lot on a former landfill and refuse transfer site. It will use its grant for demolition of the buildings on the 5-acre site and construction of an asphalt parking lot. The project will create 10 managerial, administrative, and clerical positions at an average wage of $14.42/hour and will leverage $156,641 of additional investment.
City of Burlington, $300,000 – The City of Burlington is redeveloping its downtown. The project will provide for a new 188-unit residential complex, a city park, and a new four-lane boulevard. The grant will be used for remediation and infrastructure development. The value of the property will increase from $223,900 to $14.8 million. The project will leverage $18.1 million in additional investment.
Cambeck Petroleum Corp., Walworth, $150,000 – Cambeck Petroleum Corp. plans to redevelop a .8-acre site on Highway 67 for a new convenience market. It will use its grant for site investigation, remediation and demolition. The value of the property will increase from $230,700 to $1.2 million. The project will create ten managerial and clerk positions at $9.69/hour and will leverage $226,000 in additional investment.
City of Kenosha, $100,000 – The City of Kenosha will remediate and redevelop a former manufacturing site into a park. It will use its grant for improvements to the 4.75-acre site. The project will leverage $50,000 in additional investment.
Racine County Economic Development Corp., Racine, $250,000 – for a new 17,500-square-foot central city grocery store. The grant will be used for site purchase, investigation, and remediation. The value of the property is expected to increase from $483,400 to $1.5 million. The project will create 14.5 manager, checker, and stocker positions at $12.05/hour and will leverage $425,000 in additional investment.
Rainmaker Enterprises, Inc., Milwaukee, $100,000 – Rainmaker Enterprises, Inc., plans to renovate a six-story former shoe manufacturing facility and warehouse at 215 W. Maple St. in Walkers Point and convert it into 59 condominiums. The project includes underground and outside parking and landscaping. It will use its grant for site investigation and remediation. The value of the property is expected to increase from $331,000 to $9 million. The project will leverage $3.6 million in additional investment.
Sherman Perk, LLC, Milwaukee, $100,000 – Sherman Perk, LLC, wants to renovate a .16-acre blighted former service station on Roosevelt Drive into a gourmet coffee shop. It will use its grant for rehabilitation work of the former Art Deco-style service station. The value of the property is expected to increase from zero to $285,000. The project will create two service manager positions at an average wage of $11.54/hour and will leverage $180,221 in additional investment.
City of West Allis, $500,000 – The City of West Allis plans to develop a shopping center with a Jewel/Osco on 9.78 acres of the Pressed Steel Tank Co. site at 1445 S. 66th St. The plant will be razed. The grant will be used for site remediation. Property value is expected to increase from $2 million to $15.9 million. The project will create 63 managerial, clerical and labor positions at an average wage of $12.18/hour and will leverage $5.3 million in additional investment.
The state Department of Commerce administers the Brownfields Grant Program, which provides grants to municipalities, local development corporations, and the private sector to support assessment, remediation, and return of contaminated lands to productive use. For further information, contact Jason Scott at 608-261-7715.
SBA loans
The following loan guarantees have been approved by the U.S. Small Business Administration during March:
Alliance Packaging Group, 5700 W. Douglas Ave., Milwaukee 53218, $355,750, Grafton State Bank;
Bicycle Wise & Sports Fitness, 113C W. Main St., Whitewater 53190, $150,000, First Citizens State Bank;
Budget Copier Services, 3244 Gateway Dr., Ste. 55, Brookfield 53045, $250,000, St. Francis Capital Corp.;
Can Can Pizza, Inc., 5533 Windsor Dr., Sheboygan 53083, $90,000, Wells Fargo Bank;
Christmas in Port, 4237 Highland Dr., Port Washington 53074, $93,500, Port Washington State Bank;
Culver’s of Franklin, 47th Street and Ryan Road, Franklin 53132, $400,000, Wisconsin Community Bank;
Curves for Women, 7944 Sheridan Rd., Kenosha 53142, $98,400, M&I Marshall & Ilsley Bank;
Dental Care with Amore, S.C., 10360 W. Forest Home Ave., Hales Corners 53130, $209,000, Wisconsin Business Development Finance Corp.
Equine Veterinary Associates, N6255 Church Rd., Richmond 53115, $789,000, Wisconsin Business Development Finance Corp.
Geyers Bowling Services, 8301 Amber Circle, Racine 53406, $42,000, M&I Marshall & Ilsley Bank;
Hawks View Golf Course, 7377 Krueger Rd., Lake Geneva 53147, $1.3 million, Wisconsin Business Development Finance Corp.
JC Video Productions, W4596 4th St., Fond du Lac 54935, $14,700, Bank One;
Kell Laboratories, Inc., 35417 Oak Knoll Rd, Burlington 53105, $100,000, Bank One;
Kestrel Ridge, LLC, Highway 89, Columbus 53925, $707,000, Wisconsin Business Development Finance Corp.;
Mobile Home Stuff Store, N6446 Rolling Meadows Dr., Fond du Lac 54935, $150,000, Hometown Bank;
Net Gains, LLC, 1982 N. Prospect Ave., #3D, Milwaukee 53202, $120,000, Associated Bank;
North American Sintered Metal, 3301 63rd St., Kenosha 53142, $1.3 million, GE Capital Small Business Finance Corp.
Plastic Concepts, LLC, 2030 Constitution Ave., Hartford 53027, $419,000, Wisconsin Business Development Finance Corp.;
Quizno’s Slinger, 1136 E. Commerce Blvd., Slinger 53086, $135,000, Community Bank & Trust;
Raymond Heights Golf Center, 1331 S. 27th St., Caledonia 53108, $134,000, Tri City National Bank;
Richard Hiers Properties, LLC, 905 Erie Ave., Sheboygan 53081, $395,000, Community Bank & Trust;
Rosati’s Pizza, LLC, 19555 W. Bluemound Rd., Brookfield 53005, $120,000, Waukesha State Bank;
Shoreline Motorsports, Inc., 321 Sheridan Rd., Racine 53403, $225,064, First Banking Center;
Skyway Painting, 2454 W. Lisbon Ave., Milwaukee 53205, $75,000, Lincoln State Bank;
Steel Rule Diameter, 153 N. Milwaukee St., Milwaukee 53202, $75,000, M&I Marshall & Ilsley Bank;
The Tack Shack, 23228 Honey Ridge Rd., Gays Mills 54631, $40,000, Peoples State Bank;
UltraServ Corp., PO Box 767, Menomonee Falls 53052, $80,000, Community Bank of Grafton;
USPL Auto Accessories, Inc., 2030 Constitution Ave., Hartford 53027, $385,000, Wisconsin Business Development Corp.;
Wash House Laundry, LLC, 1602 Indiana Ave., Sheboygan 53081, $120,000, Community Bank & Trust;
Woodplay of Wisconsin, LLC, 363 Austin Circle, Delafield 53018, $125,000, Waukesha State Bank.
