Brownfield Tax Increment Financing Projects
See the listing of Brownfield TIF projects that have been approved for this calendar year by the MSF Board.Brownfield Tax Increment Financing Projects
The following Brownfield Tax Increment Financing (TIF) projects have been approved by the Michigan Strategic Fund. These projects could contain other MSF support
The Report was last updated on Apr 27, 2024.
Ashley Capital - Romulus Distribution Center Project
| Approval Date: | Jul 25, 2023 |
|---|---|
| Location: | Romulus |
| Project Investment: | $75,000,000.00 |
| Total Award Amount: | $10,605,737.00 |
| State Portion of Award: | $4,203,054.00 |
Ore Dock Real Estate - Ore Dock Beer Garden Project
| Approval Date: | Jun 28, 2023 |
|---|---|
| Location: | Marquette |
| Project Investment: | $7,816,456.00 |
| Total Award Amount: | $758,290.00 |
| State Portion of Award: | $352,605.00 |
Lumber Square Nonprofit Housing Corporation - Lofts at Lumber Square
| Approval Date: | Jun 27, 2023 |
|---|---|
| Location: | Petoskey |
| Project Investment: | $15,505,000.00 |
| Total Award Amount: | $3,017,290.00 |
| State Portion of Award: | $1,430,195.00 |
Talbot Quimby LLC - Talbot Development LLC
| Approval Date: | Jun 27, 2023 |
|---|---|
| Location: | Grand Rapids |
| Project Investment: | $14,823,720.00 |
| Total Award Amount: | $581,070.00 |
| State Portion of Award: | $367,680.00 |
Olympia Development of Michigan - The District Detroit Transformational Brownfield Plan
| Approval Date: | Apr 25, 2023 |
|---|---|
| Location: | Detroit |
| Project Investment: | $1,533,325,486.00 |
| Total Award Amount: | $22,990,286.00 |
| State Portion of Award: | $19,581,044.00 |
Olympia Development of Michigan - The District Detroit Transformational Brownfield Plan
| Approval Date: | Apr 25, 2023 |
|---|---|
| Location: | Detroit |
| Project Investment: | $1,533,325,486.00 |
| Total Award Amount: | $37,820,460.00 |
| State Portion of Award: | $32,762,501.00 |
Olympia Development of Michigan - The District Detroit Transformational Brownfield Plan
| Approval Date: | Apr 25, 2023 |
|---|---|
| Location: | Detroit |
| Project Investment: | $1,533,325,486.00 |
| Total Award Amount: | $171,707,937.00 |
| State Portion of Award: | $160,179,431.00 |
Olympia Development of Michigan - The District Detroit Transformational Brownfield Plan
| Approval Date: | Apr 25, 2023 |
|---|---|
| Location: | Detroit |
| Project Investment: | $1,533,325,486.00 |
| Total Award Amount: | $42,971,471.00 |
| State Portion of Award: | $40,427,978.00 |
Olympia Development of Michigan - The District Detroit Transformational Brownfield Plan
| Approval Date: | Apr 25, 2023 |
|---|---|
| Location: | Detroit |
| Project Investment: | $1,533,325,486.00 |
| Total Award Amount: | $21,757,098.00 |
| State Portion of Award: | $19,799,336.00 |
Olympia Development of Michigan - The District Detroit Transformational Brownfield Plan
| Approval Date: | Apr 25, 2023 |
|---|---|
| Location: | Detroit |
| Project Investment: | $1,533,325,486.00 |
| Total Award Amount: | $69,566,485.00 |
| State Portion of Award: | $63,704,169.00 |
Olympia Development of Michigan - The District Detroit Transformational Brownfield Plan
| Approval Date: | Apr 25, 2023 |
|---|---|
| Location: | Detroit |
| Project Investment: | $1,533,325,486.00 |
| Total Award Amount: | $165,744,832.00 |
| State Portion of Award: | $156,940,917.00 |
Olympia Development of Michigan - The District Detroit Transformational Brownfield Plan
| Approval Date: | Apr 25, 2023 |
|---|---|
| Location: | Detroit |
| Project Investment: | $1,533,325,486.00 |
| Total Award Amount: | $48,081,352.00 |
| State Portion of Award: | $44,504,443.00 |
Olympia Development of Michigan - The District Detroit Transformational Brownfield Plan
| Approval Date: | Apr 25, 2023 |
|---|---|
| Location: | Detroit |
| Project Investment: | $1,533,325,486.00 |
| Total Award Amount: | $28,522,360.00 |
| State Portion of Award: | $24,614,133.00 |
Olympia Development of Michigan - The District Detroit Transformational Brownfield Plan
| Approval Date: | Apr 25, 2023 |
|---|---|
| Location: | Detroit |
| Project Investment: | $1,533,325,486.00 |
| Total Award Amount: | $5,802,628.00 |
| State Portion of Award: | $5,123,891.00 |
Hotel Ventures Manistee, LLC - Hotel Ventures Manistee, LLC at 101 South Lakeshore Drive
| Approval Date: | Apr 25, 2023 |
|---|---|
| Location: | Manistee |
| Project Investment: | $27,601,141.00 |
| Total Award Amount: | $1,261,995.00 |
| State Portion of Award: | $808,701.00 |
City of Marquette - Former Hospital Redevelopment
| Approval Date: | Apr 25, 2023 |
|---|---|
| Location: | Marquette |
| Project Investment: | $166,000,000.00 |
| Total Award Amount: | $8,246,020.00 |
| State Portion of Award: | $3,834,399.00 |
SP Holding Company LLC - SP Holding Company, LLC Project
| Approval Date: | Apr 25, 2023 |
|---|---|
| Location: | Haslett |
| Project Investment: | $68,265,000.00 |
| Total Award Amount: | $2,350,073.00 |
| State Portion of Award: | $2,148,939.00 |
Lofts on Grove Holdings, LLC - Lofts on Grove
| Approval Date: | Apr 11, 2023 |
|---|---|
| Location: | Grand Rapids |
| Project Investment: | $24,380,136.00 |
| Total Award Amount: | $913,500.00 |
| State Portion of Award: | $631,933.00 |
Bogan Developments, LLC - 315 Frank Street Live Work
| Approval Date: | Mar 28, 2023 |
|---|---|
| Location: | Kalamazoo |
| Project Investment: | $3,545,000.00 |
| Total Award Amount: | $405,469.00 |
| State Portion of Award: | $159,578.00 |
Albion Reinvestment Corporation - 101-119 S. Superior Street
| Approval Date: | Mar 28, 2023 |
|---|---|
| Location: | Albion |
| Project Investment: | $7,909,500.00 |
| Total Award Amount: | $1,503,880.00 |
| State Portion of Award: | $806,850.00 |