Pleasant Prairie considers $17M in assistance for redevelopment of We Energies power plant site

The proposed redevelopment of We Energies’ former Pleasant Prairie power plant as a business park could spur about $17 million in village spending to pay for infrastructure.

The spending would pay for new public streets, sewers and water lines to transform the former power plant property into three planned industrial buildings with a combined 2.29 million square feet. A good amount of the spending also is for improvements to surrounding streets, including new sidewalks and walking paths.

We Energies is demolishing the former power plant and is preparing to sell almost 200 acres to Dermody Properties of Nevada for the business park. That project represents $198.1 million in construction spending, according to a draft plan for the village tax incremental financing district that would help pay for infrastructure.

Pending approvals, site work could start as early as September for completion of a first building with 551,200 square feet by the end of 2023. Two more buildings of 621,300 and 1.1 million square feet could come online by the end of 2025, according to the project plan.

Read more at the Milwaukee Business Journal.

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