Tuesday, February 24, 2015
LANSING, Mich. – The Michigan Economic Development Corporation announced today that the Michigan Strategic Fund has approved two community revitalization projects in downtown Marquette, including a new hospital that will be constructed in the heart of downtown. The projects will generate a total capital investment of at least $190 million and create 169 new jobs as well as retain 2,300 jobs.
“This redevelopment of a former brownfield site into the home of DLP’s Marquette General Hospital will revitalize downtown Marquette, bring new jobs to area residents, and serve as a catalyst for additional growth in the community, all while meeting the health needs of Upper Peninsula residents,” said MEDC Chief Executive Officer Steve Arwood. “We’re pleased to support the efforts of the entire community in making the project a reality.”
MSF approved $55,763,061 in local and school tax capture for the City of Marquette Brownfield Redevelopment Authority to redevelop approximately 37 acres of property in the City of Marquette. The project will consist of demolition of existing structures on the site and construction of the new regional acute-care DLP Marquette General Hospital, an affiliate of Duke LifePoint HealthCare. The completed project will also include medical office buildings and a parking deck. The project will generate a minimum total capital investment of $170 million and create 150 new jobs as well as retain 2,300 jobs.
“Duke LifePoint Healthcare is committed to ensuring the delivery of quality healthcare services to communities throughout the Upper Peninsula. We are grateful to the City of Marquette for their support in helping us secure the Roundhouse/MSC property for the new, state-of-the-art medical campus for UP Health System Marquette,” said Tom Butler, LifePoint’s Eastern Group Chief Financial Officer. “Our partnership with the City in developing this site will help to build a healthier community, not only by providing convenient, easy access to healthcare services, but also by contributing to the ongoing revitalization of downtown Marquette.”
Visit here to watch a video about the DLP Marquette General Hospital project.
In addition, MSF approved a $4.1 million Michigan Community Revitalization Program loan support for Liberty Way Hospitality, LLC to continue the redevelopment of a brownfield site in the City of Marquette. Formerly a blighted industrial baking facility, the site is being redeveloped in three phases. Upon completion, the project will consist of three building including office, residential, restaurant and hotel space. The project being approved today will consist of the construction of the second building, an extended stay hotel, residential facility and two-level underground parking facility. The project will also incorporate the construction of a pedestrian connector path to an extensive trail network and the new Marquette General Hospital health care campus. The project will generate a total capital investment of nearly $20.4 million and create 19 jobs. The City of Marquette has provided support to the project through brownfield tax increment financing totaling $7,501,029.
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For more on the MEDC and its initiatives, visit MichiganBusiness.org. For Michigan travel news, updates and information, visit michigan.org. Michigan residents interested in seeking employment with any of Michigan’s growing companies should check mitalent.org, where more than 90,000 jobs are currently available in a variety of industries.
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