Two Major Downtown Beaver Dam Projects Pass Through Committee

(Beaver Dam) A pair of developer’s agreements for two major downtown Beaver Dam projects passed through committee last night. With final approval by the common council, the city would act as a grant funding conduit for the developers of the recently sold Weyco Shoe factory. Wisconsin Redevelopment LLC recently obtained a $1.7 million Commerce grant for the $10 million project. The lakefront, Madison Street property is being converted into 34 loft-style apartments. A developer’s agreement for the former Thomas Chevrolet property, which is the private lot across from Weyco, was also approved yesterday. Beaver Dam would give Silverstone Partners a $90,000 grant that would be paid back with TIF funds. Silverstone plans to build a $7million senior-living facility, though purchase of the property has yet to be finalized. The agreements will be on Monday’s council agenda.