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w w w . i n s i g h t o n b u s i n e s s . c o m A p r i l 2 0 15 • I NSIGH T | 37 Manitowoc Crane – A Manitowoc Crane works on the $3.9 billion New NY Bridge across the Hudson River north of New York City, one of the largest infrastructure projects in North America. Manitowoc Co. recently announced plans to split its crane and foodservice divisions into two separate companies. preservations tax credits, as well as assistance from the city of Manitowoc. e company has closed on the property and is currently working to firm up its part of the financing. Sparacio is confident in the project's viability. "I think we are at a turning point," he says. "We definitely want to see more of these type of partnerships. It's a huge opportunity for the city." Sparacio's positive vibe is spreading across the county. Just up the road in Two Rivers, demolition continues on the former ermo Fischer Scientific facility and that city's plans to open up nearly 16 acres of riverfront property to new development. It's probably been more than 100 years since there has been that much available property on the riverfront. e latest vexing challenge from the site is the demolition of a 200-foot smokestack that has a historical appeal, but does not necessarily fit into the redevelopment plans. Demolition is on hold while environmental tests are being conducted. While the smokestack is symbolic to the city's manufacturing past, the cost to taxpayers of maintaining the structure and the challenges of marketing the property with the giant relic make it impractical to save it, says Two Rivers City Manager Greg Buckley. e waterfront has become an important part of development all across Manitowoc County. In addition to clearing the ermo Fischer C O U R T E S Y O F M A N I T O W O C C O . Scientific site along the river, the Two Rivers community recently launched a campaign to construct a new pavilion at Neshotah Park, host of Kites Over Lake Michigan, one of the largest kite festivals in the Midwest. Construction is expected to be finished by late summer, [continued ] »