2005 Section 108 Project Summary - Wisconsin

Economic Development

Milwaukee Road Shops Project
BORROWER: MILWAUKEE
STATE: WI
SECTION 108 LOAN GUARANTEE AMOUNT: $10,000,000

Milwaukee will use its Section 108 Guaranteed Loan to finance the redevelopment of a 140-acre, former Milwaukee Road Railroad Shops (�the Shops�) site. This site is in the Brownfields Showcase Community, an EDA Special Impact Area, and is designated a Milwaukee Renewal Community, and a Wisconsin Development Zone. Redevelopment will include site clearance, remediation, filling, and preparation, including the installation of interior roads and site utilities, removal of soil and groundwater contamination as well as six miles of contaminated relic brick sewers. The redeveloped site will be a model urban industrial park composed of approximately 62 - 70 acres, which will be sold in developable parcels to private industrial users who will construct approximately 1.2 - 1.3 million square feet of light industrial space and provide approximately 1,830 new jobs, 51% of which will be available to or held by low and moderate-income persons. The City will retain approximately 30 acres for natural plantings, swales and other landscape designs that will provide the �green infrastructure� for managing all storm water on site and converting it from a waste product into an amenity. Another 38 acres across the river has been determined not cost effective to redevelop into Industrial space but will provide community benefits such as natural area, improved access to the natural river edge (Menomonee River), playing fields, and the Hank Aaron state bike trail.