|From left: Wisconsin Gov. Scott Walker, Kamatsu Mining CEO and President Jeffrey Dawes, |
WEC Energy Group Chairman and CEO Gale Klappa, Milwaukee Development Corp. Treasurer Frank Krejci,
and Milwaukee Mayor Tom Barrett.
WEC Energy Group Chairman and Chief Executive Officer Gale Klappa, speaking on behalf of We Energies and the M7, added “Komatsu – a global industry leader – is making a major investment that will have a defining impact on Milwaukee’s future. And I’m particularly pleased that Komatsu has chosen to invest in the redevelopment of this area, adding another strong presence to the Harbor District.
“Today’s announcement also highlights how attractive our region is to global companies and the remarkable asset we have in our workforce,” Klappa continued. “Today is a shining example of what can be achieved when the public and private sectors work together for the common good. Go, Komatsu. And On Wisconsin!”
The site, which had been used for a variety of industrial processes, such as coke and manufactured gas production, as well as coal and coke storage since the late 1880s, was put up for sale by its previous owner in 2016. As one of several past tenants identified as responsible for remediation of the site, We Energies purchased the property and worked jointly with the Environmental Protection Agency and Wisconsin Department of Natural Resources to remove and recycle tens of thousands of tons of debris from the property, including rubber, asphalt, steel and crushed concrete.
We Energies will continue to remediate the site through 2019. Completion of the sale is anticipated in 2020.