Developers on MLK Library project seeking $1.5 million MEDC loan

The developers planning to redevelop Milwaukee Public Library’s Martin Luther King Library branch into a mixed-use project are seeking a $1.5 million loan from the Milwaukee Economic Development Corp.

Milwaukee-based Young Development Group LLC, in partnership with Fox Point-based General Capital Group, is planning to demolish the existing library branch at 310 W. Locust St. In its place, the developers would put up a four-story building that includes a new 18,000-square-foot library branch on the first floor and middle-income housing on the upper floors, according to MEDC documents...