December 7, 2017
By David Nordby
The Brillion News
BRILLION – The Brillion Iron Works redevelopment project will be under consideration for financial assistance. The project recently ranked second on a list of “Priority Projects for Economic Development Administration (EDA) Funding Consideration” in an economic development report from East Central Wisconsin Regional Planning Commission (ECWRPC) and Economic Development District (EDD).
Each year, East Central distributes a survey to obtain information about projects that include planning, community and economic development. The questionnaire asks communities to give a list of projects for the next three years as part of an economic development strategy report known as CEDS (Comprehensive Economic Development Strategy).
A total of 56 projects for economic and community development were submitted for 2017. The former BIW property earned a score of 41 out of 75. The top scored project, The Cedars at Kimberly in the Village of Kimberly, scored a 46.
The description of the BIW project by the EDA includes: planning for the 100 acres, soil testing and remediation, development of future industrial, commercial and/or housing opportunities in and around the location. The project ranked first on the same report in 2016, with a score of 40.
The explanation also lists a public and private partnership opportunity that was not on the 2016 report. Ariens Company and the Brillion Redevelopment Authority Commission (RDA) announced last month that the two had entered a Memorandum of Understanding to purchase the property. The CEDS report was adopted on October 27.
In the report, East Central says efforts are ongoing to assist the City of Brillion in exploring EDA funds for the site. It lists the cost of the redevelopment project at $30 million, nearly $10 million more than The Cedars. Two projects inside the top 10 are as low as $200,000.
Please see the complete story in the December 7, 2017 edition of The Brillion News.