MADISON, Wis. - The City of Madison received a $500,000 grant Wednesday to help with the redevelopment project at the former Oscar Mayer plant.
The grant will help finance infrastructure work on the site, officials said.
The Idle Sites Redevelopment Grant from the Wisconsin Economic Development Corporation will be used to help the developer, 910 Mayer LLC, as it reconfigures outdated infrastructure at the site, according to a release. The grant will help deliver gas and electricity to each building on the 67-acre parcel.
The work also includes upgrades to comply with the federal Americans with Disabilities Act, officials said.
Reconfiguring the gas and electrical infrastructure will cost $1.8 million, with $500,000 of that being funded by the grant and the rest being funded by the developer.
“While the vision of creating a modern business park that will serve multiple tenants won’t become a reality overnight, today’s announcement is a significant milestone for a project that has the potential to create hundreds of jobs and become a major economic driver in Madison and beyond,” Lt. Gov. Rebecca Kleefisch said in the release. “Through the joint efforts of the state, the city and the developer, we see a bright future ahead for this century-old factory that has been a significant part of the city’s history.”
Madison Mayor Paul Soglin said the city is happy that less than a year after acquiring the property, the development team is taking the first steps to redeveloping the site.
“Through the partnership with the state on this grant, we remain encouraged that the former Oscar Mayer property will continue to play an important role in the city’s economy and the community fabric on the north side,” Soglin said.
The redevelopment work has already started to turn the facility into a business and light industrial park called the OM Station (Old Madison Station), according to the release. Multiple tenants will use the center, with many of the existing buildings being repurposed.
The infrastructure work, which is phase two of a six-phase project, is expected to be done by July 2019, officials said. The entire $1.8 million project is expected to be done in 2025.