Monona awarded new grant for Yahara Commons

Posted by on Aug 3, 2018 in News | 0 comments

Monona awarded new grant for Yahara Commons

EXCERPTS FROM HGNEWS.COM: The Wisconsin Economic Development Corporation (WEDC) awarded a $250,000 Community Development Investment grant to the city of Monona for development of the Yahara Commons project. It is the largest grant to date received by the city for the development project.

“Community success is linked to quality services and infrastructure. One of WEDC’s top priorities is to help communities invest in revitalizing their downtowns to encourage economic growth,” said Mark R. Hogan, secretary and CEO of WEDC, the state’s lead economic development corporation. “Each of these grants will play an important role in helping to improve the community’s business district which will in turn create family-supporting jobs.”

The three-phase, $36 million redevelopment project is bordered by Broadway, Bridge Road and the Yahara River.

Previously, the city was awarded three other grants for the Yahara Commons project, and another application is pending, said Sonja Kruesel, city planner and economic development director. The city received a $25,000 Dane County Better Urban Infill Development (BUILD) grant. “This was planning money for the design of the new public space, which funded services by Vandewalle & Associates,” Kruesel said.

Thus far, the city has received $360,000 in grants for the Yahara Commons project; if (a DNR Knowles Nelson) Stewardship grant comes through, the total will be $708,300.

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