The Town of Grand Chute will receive a $500,000 state grant for the redevelopment of the National Envelope Corp. building site, Governor Scott Walker announced Tuesday.
The development calls for a new commercial center, according to a news release.
“We are taking a huge step forward toward removing this blighted 55-year-old building on a highly visible location off I-41 and replacing it with a modern retail center,” Walker said in a statement.
The grant money from the Wisconsin Economic Development Corporation will help offset demolition costs.
The $4 million redevelopment’s first phase calls for a new WG&R Furniture location, while future development at the site could include a hotel or medical facility, in addition to shops and restaurants.
“At one point, more than 37 billion envelopes per year were manufactured at the facility, which closed its doors in 2014 after the National Envelope Corp. and a subsequent owner filed for bankruptcy. Over the last four years, several developers have tried unsuccessfully to redevelop the property because of challenges related to infrastructure and environmental issues,” according to a news release from Walker’s office.