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In Marketplace
Year-round, downtown Public Market breaks ground
 
By Jeff Sherman RSS Feed
OnMilwaukee.com Staff Writer

E-mail author | Author bio
More articles by Jeff Sherman

Published July 1, 2004 at 5:28 a.m.
Tags: public market, third ward, farmers markets

On Wednesday afternoon at the northwest corner of Water Street and St. Paul in the Third Ward's Riverwalk Park sat an antique John Deere tractor, a plow and a few roaming cows. Signs of the state's farming heritage, of course, but on this day a new, state-of-art, yet organic year-round public market finally broke ground -- or plowed ground, as the organizers put it.

Music, animals, nearly 200 guests and market samplings prepared by local chefs also were on the agenda, as well as a cast of several speakers including David A. Sampson, US Dept of Commerce, Asst. Secretary for Economic Development, a representative from Sen. Herb Kohl's office, Congressman Paul Ryan, State Secretary of Commerce Cory Nettles (filling in for Governor Doyle who had another commitment), Alice in Dairyland Betsy Francoeur, County Executive Scott Walker and Mayor Tom Barrett.

It was more than fresh news for the downtown Milwaukee neighborhood, as the official groundbreaking for the market was another shot in the arm that will put Milwaukee on par with cities that already have similar markets, most notably Seattle's Pike's Place Market. The Pike Place Market began in 1907 and is a vital part of Seattle's social and economic fabric. Milwaukee area leaders and residents know the Milwaukee Public Market has the same abilities.

Wendy K. Baumann, one of the project's initial champions, thanked sponsors and friends and said The Milwaukee Public Market will be "a public space, an open space with no entrance fees that welcome people at all times."

Ryan said the project is "a clear winner for the Milwaukee community and Milwaukee."

Sampson, who represented the EDA which has committed $2.5 million to the project, said, "The Commerce Department is pleased to partner with the people of Milwaukee and set the stage for investment and innovation through economic development grants like these. President Bush is committed to working with local communities to grow the economy, create jobs and encourage investments."

Organizers are still in the midst of a $10 million campaign that has reached 87% of its goal.

Actual construction is scheduled to begin July 12, 2004 with completion by Summer 2005.

Here are some facts:

  • Milwaukee's Public Market is a catalytic project that will re-invigorate the downtown area. It is a year-around indoor Market Hall that will house 25 independent food vendors employing 120 people full-time and an additional 40-65 people part-time. There will also be a seasonal outdoor farmers' market. Annual sales are estimated to be over $10 million.
  • Public Markets, by their very nature of promoting small independent businesses, are not able to carry debt service. The entire cost of developing the Market Hall and assisting with operations for three years is $10 million. Milwaukee's Public Market is projected to be self-sustaining by the third year of operation.
  • A $2.5 million grant proposal was announced April 22, 2004 from the U.S. Department of Commerce's Economic Development Administration. The EDA grant brings the total raised to $8 million. Lead gifts of $1 million each have been pledged by the Richard & Ethel Herzfeld Foundation, the Jane B. Pettit Foundation and an anonymous donor.
  • Significant public support has also been provided by the State of Wisconsin, Milwaukee County and the City of Milwaukee.
  • An additional $2 million will need to be raised from private foundations, corporations and individuals and a pending $750,000 Brownfields grant with the State of Wisconsin.
  • Milwaukee Public Market will provide opportunities for a variety of independent, locally owned businesses to sell fresh foods, including locally produced organic meat, poultry, seafood, cheese, produce and specialty foods.

The Milwaukee Public Market web site is: milwaukeepublicmarket.org

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