Green Bay approves $1.3M to construct Fire Station Flats, clean up site

The City of Green Bay could channel up to $1.3 million to support the plan to build affordable housing and a new Green Bay Metro Fire headquarters on South Broadway.

The city's Redevelopment Authority on Tuesday, April 14 approved two loans and authorized a request to apply for a state grant that could end up directing $1.3 million to General Capital Group's 85-unit Fire Station Flats development. The majority of the funding would cover the developers' costs to address the remaining site contamination on the former Badger Sheet Metal factory in the 400 block of South Broadway.

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Leo's notes: Green Bay is activating a full stack of public finance tools — brownfield revolving loans, city affordable housing funds, and a WEDC grant — to unlock 85 units of affordable housing on a long-blighted industrial site alongside a new fire headquarters.This is a strong example of brownfield redevelopment as a housing strategy. As buildable land becomes scarce and costly, projects that combine environmental remediation, public infrastructure, and housing—supported by layered financing—are increasingly essential to unlocking new supply in urban cores...