C. Reiss makes new offer to move coal piles
The offer involves either buying or leasing the entire former Pulliam Power Plant property and moving its coal piles there. The company said if they bought the property they would pay the county $3.5 million for it and use $25 million in federal and state grants to develop the site.
If they take the leasing route, company officials said they would want an initial lease term of 25 years with three successive 25-year extension options. They would pay $110,000 for the first year of the lease and rent would increase by 2 percent each year.
C. Reiss Company and city of Green Bay officials are in the process of finalizing a memorandum of understanding that affirms both parties commitment to ensuring that the current site of the coal pile gets developed into something that is economically viable for the city.
De Pere resident making difference with community porch
'C. Reiss's proposal will achieve the long-held goal of moving the coal piles and generate an estimated $200 million in economic activity for Brown County, according to local officials,' said C. Reiss Company CEO Keith Haselhoff. 'This plan includes an imminent agreement with the City of Green Bay for revitalizing C. Reiss's current downtown site and has the support of Mayor Genrich as well as multiple Great Lakes port and shipping companies. We look forward to continuing to engage with the County on this.'
These new offers come after Brown County officials put out a request for information (RFI) for businesses interested in purchasing or leasing the former Pulliam Power Plant site.
Previously, it appeared that moving the coal piles was in jeopardy after Brown County supervisors made a counter offer on a lease agreement that had previously been discussed between C. Reiss Company and other Brown County officials.
C. Reiss Company and Brown County officials had previously struggled to come to an agreement on a plan to move the coal piles.
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