New Markets Tax Credit Coalition

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OM Station

Rehabilitation of the former Oscar Mayer headquarters and food processing plant into a multi-tenant light industrial and business facility.

Investment

  • NMTC Amount: $9,800,000
  • Total Project Cost: $12,455,231

IMPACT

  • 760 FTE jobs
  • 78 construction jobs
  • 428,000 sq. ft. of real estate

Investor

Project Description

The project is rehabilitation of the former Oscar Mayer headquarters and food processing plant into a multi-tenant light industrial and business facility, named “OM Station”. The infrastructure investment will focus on refurbishing three buildings at the plant, converting a 58,000 sq. ft. building to a mixed-use retail building, a 270,000 sq. ft. building for office space tenants, and 100,000 sq. ft. building for a manufacturing or cold storage user. Overall, the Project is expected to attract quality and accessible jobs in a distressed community. Furthermore, the property is located in an area targeted for redevelopment by the State of Wisconsin.

MAP

Address: 910 Mayer Avenue, Madison, WI 53704

Census Tract: 55025002100

Other Wisconsin Projects

The project is purchase of equipment for Palermos new hot press bakery process that produces pizza crusts.
Construction of a 106,369 sq. ft. educational facility on donated property.
Cinnaire provided a $7.2M NMTC allocation to support the expansion and rehabilitation of the Marshfield Area YMCA.
MEDC provides low cost, long-term, subordinate capital to operating businesses in the City of Milwaukee through the its NMTC Revolving Loan Fund product.