Thursday, April 26, 2007
Michael Shore, MEDC
$14.1-million residential development planned near downtown
Governor Jennifer M. Granholm today announced plans for the redevelopment of the former National Motors Castings and Everett Piano Factory industrial sites in South Haven into a new $14.1-million residential housing development, made possible by assistance from the Michigan Economic Development Corporation.
Everett Park, LLC will utilize a $1-million brownfield Single Business Tax credit approved by the MEDC to help transform the 11.89-acre site into a new 92-unit residential development consisting of 12 single-family homes, 26 two-family homes, 54 multi-family town homes, neighborhood park, pool and new streets and sidewalks. The project will also include a 500-foot extension of the Kal-Haven trail, a 33.5-mile path connecting Kalamazoo and South Haven.
Michigan brownfield programs provide incentives to invest in property that has been used for industrial, commercial or residential purposes and to keep that property in productive use or return it to a productive use. Brownfield incentives can be used to redevelop functionally obsolete, blighted, or contaminated property.
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