WEDC to write off $1.1M loan to bankrupt waste-recycling company

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The Wisconsin Economic Development Corp. is writing off a more than $1 million loan the agency made to now-bankrupt Green Box in northeastern Wisconsin.
The waste-recycling company and its owner, De Pere businessman Ron Van Den Heuvel, have been plagued by scandal for years, culminating in Van Den Heuvel earning a three-year prison sentence in January for conspiracy to commit bank fraud, while an additional case is still ongoing.
Agency spokesman Mark Maley said WEDC officials are charging off the $1.1 million loan “because there is little likelihood of collection on this debt.” Still, he emph...

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