logo
Rezoning historic Day Street Mill property comes into focus after Green Bay City Council approval

Rezoning historic Day Street Mill property comes into focus after Green Bay City Council approval

Yahoo16-07-2025
It's taken months of back-and-forth and waiting, but broad strokes of how the historic Day Street Mill property at 500 Day Street could be rezoned for downtown usage were crystalized July 15.
The Green Bay City Council approved a non-binding memorandum of understanding with the property's expected buyer, Scout Development GB LLC. Its president, Chester McDonald, is also the owner of McDonald Companies that had indicated in April it intended to buy the land from Georgia-Pacific.
The details outlined in the memorandum of understanding gave the clearest sense to date of the plans for the property and how its redevelopment will proceed. The effort is expected to significantly expand opportunities to grow the city's downtown along the banks of the Fox and East rivers.
And though the adopted memorandum of understanding was only meant to show the city and Scout Development's intentions to cooperate in redeveloping and rezoning the 44.2-acre property, it also assuaged some transparency concerns previously raised by council member Alyssa Proffitt, whose district includes the Georgia-Pacific site.
"There's a lot more in writing in front of us now than there have been up to this point, so I look forward to seeing what we see with the official application come November, if all parties agree to that," Proffitt said, referring to the Planned Unit Development application outlining finalized plans for the property anticipated to be submitted by Scout Development in November.
According to the memorandum, the portion of land north of Day Street may allow for some light industrial uses. The land south of Day Street will be primarily for downtown use, though the memorandum stated some "industrial uses compatible with the City's vision for downtown redevelopment" would be allowed on specified areas, such as the site of the now-demolished WPS building. All land within 50 feet of the Fox and East rivers would be reserved for public access, including the possibility for an easement that would permanently guarantee pedestrian access and access to the water for recreation.
The memorandum further outlined a tentative timeline of all that would happen to get the property ready before Scout Development officially bought the property from Georgia-Pacific.
Currently, Scout Development GB is conducting due diligence on the property, according to the City Council agenda item.
Immediately following the memorandum of understanding's adoption, both the city and Scout Development would immediately begin biweekly coordination meetings and start marketing the property to potential tenants.
Scout Development would complete an environmental assessment by October.
Then, by November, Scout Development will submit its Planned Unit Development application to the city, which would detail the kinds of commercial, residential and industrial uses and their layout on the property. Neighbors will be able to give their input on the proposed plans from November through December.
Finally, in January 2026, the City Council will give its final decision on the proposed plans and Scout Development will have acquired the property.
"All the goals are still the same and we feel we're moving in a very positive direction," McDonald said.
A related rezoning amendment was tabled until the City Council's November meeting, which would have rezoned all of the 44.2 acres of industrial land currently owned by Georgia-Pacific for downtown use, allowing for a wide array of commercial and residential activities and following the recommendation from the city's Plan Commission back in January.
Jesse Lin is a reporter covering the community of Green Bay and its surroundings, as well as politics in northeastern Wisconsin. Contact him at 920-834-4250 or jlin@gannett.com.
This article originally appeared on Green Bay Press-Gazette: Day Street Mill Georgia-Pacific property rezoning in Green Bay detailed
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Industry urges Hawaii to rethink plan to slash cruise calls
Industry urges Hawaii to rethink plan to slash cruise calls

Travel Weekly

time6 hours ago

  • Travel Weekly

Industry urges Hawaii to rethink plan to slash cruise calls

Industry stakeholders are urging policymakers to reconsider a plan that would phase out Hawaii cruise calls. The proposal is part of a broader effort to reduce emissions. The Hawaii Department of Transportation is calling for a 50% reduction in cruise calls by 2030 and an additional 50% reduction by 2035. It makes an exception for homeported ships, of which is there is only one large cruise vessel, Norwegian Cruise Line's Pride of America. Other large cruise ships include Hawaii as part of longer itineraries. Hawaii-based policy groups and companies that work with the cruise industry called for open dialogue between policymakers, cruise lines and members of the community, saying there are other ways to reduce cruise ship emissions than eliminating calls. A group of 55 Hawaii-based stakeholders met on Aug. 7 to begin strategizing a response to the DOT proposal, said Denise Clark, who does consulting and liaison work with the cruise industry and Hawaiian businesses and organized the meeting. Curtis Chee, director of cruise service at MC&A, which conducts cruise turnaround operations and connects cruise lines with shore excursion vendors, said Hawaii-based businesses that work with the cruise industry share the goal of a greener future. But he urged the state to recognize that there are ways to do so without putting Hawaiians out of work, such as his staff of about 50 who complete turnaround operations for the Pride of America alone. "We are so eager and anxious to jump in and say, 'What can we do to help you get to this plan without the elimination of vessels?'" he said. "Working with the cruise lines to find out which vessels already have low emissions, which vessels already could have the potential for shore power, and see if that fleet is able to come to the Islands." Norwegian Cruise Line's Pride of America is the only large cruise ship that homeports in Hawaii. Photo Credit: Norwegian Cruise Line Hawaii Gov. Josh Green has prioritized environmental policy, and this is not the first time that focus has included new cruise regulations. In May, Hawaii's legislature passed an 11% cruise tax to be used for sustainability efforts. Malia Blom Hill, policy director at the Grassroots Institute of Hawaii, a nonprofit that supports limited government, said that Hawaiian culture lends itself to a more collaborative rather than adversarial approach to conflict resolution, so it would behoove the cruise lines to work with rather than against policymakers. "If the perception is that you're just trying to move in and push people around, it definitely sets up not a combativeness but a sort of, 'You're not one of us. You're not here. You don't have our interests at heart,'" Hill said. The DOT has already indicated it is open to alternatives to a cruise phase-out. Dre Kalili, a deputy director for the department, said during a recorded presentation about the plan that if the industry indicates it is willing to implement emission-reduction initiatives, such as bringing ships to Hawaii that can plug into shore power, "I think we are open to that. But based on the data that we have and the trends that we see, [reducing cruise calls] emerged as a strategy." Clark said that Hawaii does not currently have shore power infrastructure, so building it could be one alternative to a port call phase-out. However, she said she fears that cruise lines might reduce Hawaii itineraries pre-emptively after seeing the state's intentions. "We know that the port itinerary planners work so far in advance that what happens today affects us two years, three years from now," she said. A spokesperson for Norwegian Cruise Line Holdings, despite the Pride of America being exempt from the proposal, said it "welcomes an open, collaborative dialogue" with Hawaii's DOT to "refine the plan and best support our shared goals of reducing emissions, enhancing energy security and expanding access to clean, zero- or low-emission fuels. As the only cruise operator with a U.S.-flagged ship offering year-round service in Hawaii, we take that responsibility seriously." All other cruise lines deferred to CLIA, which said it supports "practical and effective environmental solutions that positively impact the communities we visit."

Is The Metals Company a Millionaire Maker?
Is The Metals Company a Millionaire Maker?

Yahoo

time7 hours ago

  • Yahoo

Is The Metals Company a Millionaire Maker?

Key Points The Metals Company aims to harvest trillions of metal-rich nodules from the Pacific's Clarion-Clipperton Zone. Regulatory approval from the International Seabed Authority is the biggest hurdle, though a U.S. legal loophole could give it first-mover advantage. With no commercial revenue and ongoing cash burn, this remains a high-risk, high-reward play. 10 stocks we like better than TMC The Metals Company › From electric vehicle (EV) batteries to wind turbines to advanced medical devices, rare-earth metals sit at the center of nearly every major technological shift in the 21st century. The problem? They're concentrated in just a handful of countries, with the lion's share of processing capacity in China. It's a concentration of power that has governments and companies alike scrambling to secure non-Chinese sources before a trade dispute or export ban turns supply chains into choke points. Enter, The Metals Company (NASDAQ: TMC), an early-stage mining company with a plan to scoop billions of tons of metal-rich rocks from the deep Pacific. If it works, these rocks (called "nodules") could feed the clean-energy supply chain for decades, not to mention give the U.S. and allies a rare chance to loosen China's hold on critical minerals. But with the company yet to secure mining permits, and potentially years away from turning a profit, the gap between vision and reality is about as wide as the ocean the company is trying to mine. All things considered, can this metal stock generate $1 million from today's share price? Why deep-sea mining has investors talking First, let's talk opportunity. The Clarion-Clipperton Zone, where The Metals Company plans to operate, contains trillions of potato-sized polymetallic nodules. These small, metal-rich rocks contain nickel, manganese, copper, zinc, cobalt, and other minerals. In other words, they hold the building blocks for EV batteries, renewable power grids, advanced defense systems, and dozens of other uses. The U.S. still imports roughly 80% of rare earths, and more than three-quarters of that comes from China. After leaping into the rare-metal business before most of the rest of the world, Beijing now controls about 70% of global rare-earth mining and nearly 90% of processing. Recent export restrictions on certain rare earths and magnets have only underscored the need for alternative sources. But big hurdles remain TMC's pitch is that deep-sea mining could deliver rare earths at scale without relying on land-based mines. The plan seems simple enough: With vacuum-like machinery, it'll pump nodules to the surface, process them in a seawater slurry, then discharge sediment back to the sea. Locating nodules isn't a problem. The company has mapped and secured exploration rights to two massive swaths of the Clarion-Clipperton Zone. Its biggest hurdle, however, is getting permission to start mining. The key gatekeeper is the International Seabed Authority (ISA), a U.N.-linked body that sets the rules for mining in international waters. Currently, the ISA is still finalizing its rulebook, and, until it's finished, nobody's getting a commercial license. For TMC, that could mean waiting months, maybe years, before the ISA gives it the green light. Any longer than a few years, and the company could burn through its cash reserves long before the first nodules surface. That said, there is an unusual wrinkle with the ISA: The U.S. never ratified the treaty that created it. That could open the door -- narrowly -- for a U.S.-based company to bypass the ISA entirely if national interest is at stake. TMC is currently trying to wedge its way though that gap. Earlier this year, it filed for a mining permit under an old U.S. offshore minerals law just days after a White House order revived political interest in rare earths. If it works, the company could have a head start that no other deep-sea miner currently has, effectively turning years of regulatory waiting into an open lane toward production. Is The Metals Company a millionaire maker? Let's do the math. If you bought 1,000 shares of TMC at today's price ($5.32), your initial position would be worth about $5,320. For that to grow to $1 million, you would need a 188-fold gain from today's price, or a compound annual growth rate (CAGR) of 68.8% over a decade. That's extremely rare in public markets. True, TMC has massive potential. But the company is still pre-revenue. Despite the fact that its market cap sits around $2.1 billion, it isn't generating commercial revenue, at least not meaningfully. It's also burning cash. In the first quarter of this year, it reported a net loss of $20.6 million, or $0.06 per share. Although it claims to have about $43.8 million in total liquidity -- with $2.3 in cash -- that cushion could evaporate quick without a breakthrough on the permit front. Don't get me wrong: TMC can disrupt the global supply of rare earths, if it can get its business off the ground and into the sea. But since its business model is still unproven, sentiment and expectations will drive the stock in the short term, which could make it volatile. It's one to keep on the radar, but without clear steps toward production, I'm not ready to anchor a large position here. Should you invest $1,000 in TMC The Metals Company right now? Before you buy stock in TMC The Metals Company, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and TMC The Metals Company wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $668,155!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,106,071!* Now, it's worth noting Stock Advisor's total average return is 1,070% — a market-crushing outperformance compared to 184% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of August 13, 2025 Steven Porrello has positions in TMC The Metals Company. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Is The Metals Company a Millionaire Maker? was originally published by The Motley Fool Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data

Aviation company unveils massive aircraft that can fly for month straight without landing: 'Changes the paradigm'
Aviation company unveils massive aircraft that can fly for month straight without landing: 'Changes the paradigm'

Yahoo

time8 hours ago

  • Yahoo

Aviation company unveils massive aircraft that can fly for month straight without landing: 'Changes the paradigm'

According to Interesting Engineering, French defense company Thales has partnered with Skydweller Aero to launch a solar-powered drone with a massive wingspan that's wider than a Boeing 747. The company says this thing can soar for up to a month without having to refuel — and has already completed a test with the U.S. Navy for three days straight. There are no emissions. Zero noise. Just sun-powered flight over busy maritime areas like the Pacific or Mediterranean. They're calling it MAPS, short for Medium-Altitude Pseudo-Satellite. That might sound dense, but it boils down to this: long-haul air surveillance without the carbon guilt or maintenance bills of traditional planes. Here's the cool part: The drone is fitted with Thales' AirMaster S radar, a lightweight, AI-driven sensor that doesn't just detect movement; it thinks. It figures out what it's looking at, classifies targets, and only sends the important stuff back to ground teams. That means less data noise, faster reactions, and way less bandwidth strain. It may not look that special at first glance. Just a plain-looking, long-winged jumbo drone. But for anyone living near a coastline, this innovative new quiet aircraft could soon be the reason you can breathe and sleep more easily. It doesn't burn any fuel. Doesn't need a pilot. And it can fly for weeks at a time without landing. Sébastien Renouard, Thales' chief commercial officer for Europe, Middle East and Africa, said, "The combination of Thales' AirMaster S Smart Radar with the MAPS Skydweller changes the paradigm for surveillance missions." That pairing allows for what experts call ISR (intelligence, surveillance, and reconnaissance) over dangerous areas without putting human pilots at risk. The drone's long airtime and quiet presence make it a solid match for patrolling shipping routes, tracking smuggling operations, or even helping during disaster response. Do you worry about air pollution in your town? All the time Often Only sometimes Never Click your choice to see results and speak your mind. Unlike gas-guzzling surveillance planes, Skydweller runs only on solar energy and stores it in onboard batteries. That alone slashes the cost and carbon footprint of each flight. This tech could eventually help reduce pollution-related respiratory issues in port cities, trim down expensive patrol flights, and create faster alerts for threats at sea. That's not just smart; it's practical. Skydweller's fully autonomous solar aircraft has already completed solo test flights, and now the team is working with the U.S. Navy on deployment plans. The Army, meanwhile, has its own solar-powered drones, the Kraus Hamdani Aerospace K1000 Ultra Long-Endurance, with its stock of them worth about $20 million total. If this system rolls out soon, maritime surveillance might get a lot cleaner — and a lot cheaper. Join our free newsletter for weekly updates on the latest innovations improving our lives and shaping our future, and don't miss this cool list of easy ways to help yourself while helping the planet.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store