WDNR – The City of Madison has received a $400,000 grant to help with environmental cleanup work as part of the city’s efforts to revitalize a near-east side property with a history of industrial use. The Department of Natural Resources awarded the $400,000 Ready for Reuse grant to Madison for the north 800 block of East Washington Avenue, which was most recently the site of a former car dealership, in an area Madison has designated as the Capitol East District. Ready for Reuse grants are federal funds given to communities by the DNR to clean up contaminated properties known as brownfields. The city will use the funds to remove soil contamination at the site.“Ready for Reuse funds don't just benefit environmental cleanup,” said Darsi Foss, brownfields section chief for the DNR Remediation and Redevelopment Program. “They also have an economic impact for communities like Madison. We hope these funds serve as a catalyst for the redevelopment along East Washington Avenue.”
The site was included with 8 acres of property purchased by the City of Madison in 2011 for the purpose of redevelopment. City officials say redevelopment of all the sites could provide 200,000 square feet of new commercial space, housing up to 700 employees. In addition, up to 250 residential units could be constructed. The result could be an increase of $95 million in the city’s property tax base. “Redevelopment within the Capitol East District is an important step toward providing the type of space that employers will demand in the years ahead,” said Mayor Paul Soglin. “We are grateful for the partnership of the DNR on this important economic development effort.”
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The site was included with 8 acres of property purchased by the City of Madison in 2011 for the purpose of redevelopment. City officials say redevelopment of all the sites could provide 200,000 square feet of new commercial space, housing up to 700 employees. In addition, up to 250 residential units could be constructed. The result could be an increase of $95 million in the city’s property tax base. “Redevelopment within the Capitol East District is an important step toward providing the type of space that employers will demand in the years ahead,” said Mayor Paul Soglin. “We are grateful for the partnership of the DNR on this important economic development effort.”
FOR MORE INFORMATION CONTACT WDNR
