Green Bay Common Council approves buying buildings for The Shipyard project

The 3 abandoned buildings cost $145,000
Posted at 10:36 PM, Apr 18, 2017
and last updated 2017-04-18 23:37:09-04

The Green Bay Common Council is moving forward with plans to turn a proposed entertainment district into a reality.

The council discussed The Shipyard development project for downtown Green Bay at Tuesday's meeting, which would include a $9 million outdoor stadium and events center.

The city council decided Tuesday to dip into the neighborhood enhancement fund to purchase three abandoned buildings on South Broadway that were previously blocking access to the proposed district.

Those buildings have a price tag of $145,000, but the money for the properties will be reimbursed.

"This $145,000 specifically, the project that's going to go down there, might be a $10, $12, $14 million project, and these funds will be rolled into that as part of the development," said Alderman Joe Moore.  "Those developers that are building are going to pay that fund."

The buildings would more than likely be demolished and used for parking lots, according to Alderman Moore. 

He also said there's no guarantee the project won't fall through, but he's happy they purchased the buildings in case another project comes into the works.