Common Council approves Talgo, Ingeteam projects
Plans to build two new manufacturing plants in Milwaukee for Talgo Inc. and Ingteam Inc. will move forward after receiving Common Council approval Wednesday.
The city will renovate and lease a building for Talgo Inc. in the former Tower Automotive property, which Milwaukee is redeveloping into a business park called Century City. The Spanish company plans to begin manufacturing high-speed trains in the building before September.
Rocky Marcoux, Milwaukee Department of City Development commissioner, said the city will request bids on Friday for its estimated $6 million project to renovate the future Talgo building. The project is scheduled to be awarded in mid-April so work can begin as soon as possible, he said.
“We’re on our way,” Marcoux said. “The train has left the station.”
Milwaukee aldermen approved the Talgo deal with a 13-1 vote.
Milwaukee also is selling an 8.1-acre site in its Menomonee Valley Industrial Center to Ingeteam, a manufacturer of wind turbine equipment. Ingeteam is planning a 114,000-square-foot building that will cost $14-$17 million to build. The city will give a $2 million forgivable loan to the company to support the project.
The Common Council unanimously approved the deal with Ingeteam.
Marcoux said he expects work on the Ingeteam project to begin in April.