NEWCAP’s Trolley Station Project Advances
Marinette’s Common Council is on board with NEWCAP’s plan to establish workforce housing on three blighted city lots. The council approved a Memorandum of Understanding last week and authorized the Mayor to sign a letter of site control conveying the former Colonial Building property, the adjacent vacant lot, and the former Bay Area Medical Center parking lot to NEWCAP, who is seeking to construct a 45-unit mixed-income housing development at the site along Main Street. Cheryl Detrick is the President and CEO of NEWCAP. She says this project, being called the Trolley Station, will offer housing for a wide range of people.
While there is contamination on these lots, Wisconsin Public Service, whose predecessor company previously used the site for storage of manufactured gas, has agreed to clean up some of that contamination. The Wisconsin DNR is also allowing the site to be capped, significantly reducing the remediation costs. The total cost of the Trolley Station Project is estimated to be around $7.7-million. NEWCAP is seeking $5.4-million in grant funding and has received gap-commitment loans for the remaining $2.2-million.