The City of Oak Creek has been awarded a $1 million grant from the state’s Idle Industrial Sites Redevelopment Program, an initiative that helps spur the redevelopment of abandoned properties throughout Wisconsin.
The grant, awarded by the Wisconsin Economic Development Corporation (WEDC), will be used to help fund a 550-space parking structure that will adjoin a new medical facility in Drexel Town Square, a mixed-use development now under construction. The development will include a primary and specialty health care center planned by Froedtert Health, which will become part of Froedtert & the Medical College of Wisconsin health network. The construction of the parking structure was critical to Froedtert’s decision to locate in the city.
Drexel Town Square, slated to open this fall, is an 85-acre downtown center located on the site of the former Delphi Corp. plant. The development will include a new City Hall and library, a Sheraton Four Points hotel, luxury apartments, and retail and service businesses, including restaurant, specialty shops and a Meijer grocery store.
“We are in the process of developing our plans for the Froedtert & MCW health center and look forward to being part of the City of Oak Creek’s new downtown,” said Cathy Jacobson, president and chief executive officer of Froedtert Health.
