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Authority grants option for temporary ground lease for former Badger Sheet Metal site to speed redevelopment
Summary
The Redevelopment Authority granted an option to execute a ground lease with General Capital Acquisitions LLC so the developer can obtain site control and begin construction activities while demolition and EPA cleanup grant closeout continue.
The Green Bay Redevelopment Authority on June 17 authorized an option to enter a ground lease with General Capital Acquisitions LLC for parcels at the former Badger Sheet Metal site, allowing the developer to secure site control and begin work while the city completes environmental remediation and grant closeout steps required by the U.S. Environmental Protection Agency (EPA).
City staff told the authority that demolition and remediation work — partly funded by a U.S. EPA cleanup grant — is expected to start within weeks, but that federal closeout of the cleanup grant could lag. The temporary ground lease gives the developer exclusive rights to construct on the site…
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