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Green Bay RDA approves $1 sale and funding commitments for mixed-use Badger Sheet Metal redevelopment
Summary
The Green Bay Redevelopment Authority approved a $1 purchase offer and funding commitment letters to let General Capital Group apply for federal tax credits for a mixed-use project that pairs a new fire station with about 93 affordable apartments; final development agreements will return to the RDA.
The Green Bay Redevelopment Authority voted to approve an offer to sell the former Badger Sheet Metal site to General Capital Group for $1 and authorized funding commitment letters to support a mixed‑use redevelopment that will include a new fire station and approximately 93 affordable apartment units.
City staff told the authority the developer needs property control and certain funding commitments to qualify a tax‑credit application. “The developer is requesting a property be sold for $1,” said Matt, a city staff member. He said the developer plans to apply this month for 4% noncompetitive federal low‑income housing tax credits and needs the site control to be eligible to submit the application.
The project presented to the RDA is a phased redevelopment of the downtown parcel near South Broadway and South Maple that would combine a ground‑floor commercial space, a fire station with administrative offices and a…
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