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Grant helps Stevens Point with mall redevelopment expense

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Demolition continues at the former Centerpoint Marketplace Mall in Stevens Point
Demolition continues at the former Centerpoint Marketplace Mall in Stevens Point
WEDC's Tom Thieding discusse... (Download MP3)

STEVENS POINT, WI (WSAU-PR) – The City of Stevens Point has been awarded a $34,500 Site Assessment Grant by the Wisconsin Economic Development Corporation (WEDC) to assist in environmental investigation on a site located at 1201 Third Court.

The Community Development Authority of the City of Stevens Point acquired the 3.83 acre site property in October 2011 by condemnation. The grant will facilitate the redevelopment of the former CenterPoint Mall by Mid-State Technical College. Mid-State will be renovating a portion of the former mall as part of Mid-State’s new campus. Learn more about the Mid-State campus relocation at http://www.mstc.edu/relocation/index.htm .

“We are extremely pleased to have been awarded this grant, and we are grateful for the continued support from the Wisconsin Economic Development Corporation of this project,” said Michael Ostrowski, Director of Community Development for the City of Stevens Point. “This project will be an investment in the revitalization of the downtown Stevens Point area, and will ensure that Mid-State Technical College will have the resources to provide continued educational opportunities for community residents.”

The Brownfield Site Assessment Grant (SAG) Program is state program for WEDC to grant funds to local governments to perform environmental investigations, demolition of structures, removal of abandoned containers and underground tank systems.

About Wisconsin Economic Development Corporation:  Wisconsin Economic Development Corporation (WEDC), formed in 2011 as a public-private entity, leads economic development efforts for the state and nurtures business growth and job creation by advancing Wisconsin’s business climate. WEDC partners with 650 economic development organizations throughout Wisconsin to serve businesses looking to start, grow or relocate. WEDC has four focus areas: business and industry development, economic and community development, entrepreneurship and innovation, and international business development. Visit  inwisconsin.com  or follow WEDC on Twitter @_InWisconsin to learn more.

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