Governor Doyle Announces Brownfield Grant to Becher Terrace Housing, LLC

MADISON, WI – November 17, 2010 – (RealEstateRama) — Governor Jim Doyle today announced that Becher Terrace Housing, LLC will receive a $200,000 Blight Elimination and Brownfield Redevelopment (BEBR) grant from the Department of Commerce (Commerce) for remediation of a residential care apartment complex in Milwaukee.

“I am pleased we could assist Becher Terrace Housing, LLC in its efforts to convert a blighted property to productive use and create affordable homes for elderly residents in Milwaukee,” Governor Doyle said.

Becher Terrace Housing, LLC will redevelop a 1.85-acre site located in Milwaukee. The project will involve the demolition of a dated multi-family facility and the construction of a modern 80-unit residential care apartment complex with underground parking. The complex will feature a commons area with a dining facility, kitchen, and community room. BEBR funds will be utilized to remove contaminated soil so the new residential care apartment complex can be constructed. Total project investment exceeds $10.2 million.

Commerce’s BEBR Program provides grant funds to municipalities, local development corporations, and the private sector to support assessment, remediation and return of contaminated lands to productive use. Brownfields are abandoned, idle, or underused industrial or commercial properties where redevelopment is hindered by contamination.

For more information about the BEBR Program, contact Al Rabin, Commerce, at 608-267-8926.

Contact:
Tony Hozeny, Department of Commerce, 608-267-9661
Laura Smith, Office of the Governor, 608-261-2162