Wisconsin Record
Milwaukee
Tuesday, November 3, 2026
Medium PriorityEnvironmentopen

$1 million brownfield loan for 5825 West Hope Avenue cleanup

Summary

A former leaking tank and contaminated fill at 5825 West Hope Avenue will be cleaned up with a $1 million EPA brownfield loan so Gorman & Company can build 200 housing units starting October 2026. The low 5% interest rate helps make the cleanup financially workable.

At a glance

Total mentions
1
Last 30 days
0

Last discussed Aug 20, 2026.

Impact analysis

💰Financial impact

Up to $1 million from RACM's EPA Brownfield Revolving Loan Fund at 5% over 20 years.

✅Who benefits

The developer gets gap financing, and the neighborhood gets contaminated land cleaned up and 200 new homes.

Mentions & discussions (1)

MeetingAug 20, 2026approved

REDEVELOPMENT AUTHORITY — August 20, 2026

A former leaking tank and contaminated fill at 5825 West Hope Avenue will be cleaned up with a $1 million EPA brownfield loan so Gorman & Company can build 200 housing units starting October 2026. The low 5% interest rate helps make the cleanup financially workable.

Related development

approved

Midtown Commons — 5825 West Hope Avenue

Turns a contaminated site into 200 housing units with repayment through excess cash flow after the deferred developer fee, backed by a $50,000/year interest guarantee.

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