©2016 Michigan Economic Development Corporation

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Tax Increment Financing Projects

  • As of July 13, 2016, the following Tax Increment Financing (TIF) projects have been approved by the Michigan Strategic Fund Board for calendar years 2015 and 2016.
     

    Strongback Properties, LLC – Strongback Four Corners Redevelopment
    • Approval Date: 06/28/2016
      Location: Adrian
      Projected Investment: $1,620,313
      Tax Increment Revenue: $392,375
      Taxes Levied for School Operating Purposes: $361,291
    City of Manistee – River Parc Project
    • Approval Date: 06/28/2016
      Location: Manistee
      Projected Investment: $4,051,624
      Tax Increment Revenue: $2,980,685
      Taxes Levied for School Operating Purposes: $1,261,128
    River’s Edge Partners, LLC – 600 East Michigan Avenue
    • Approval Date: 06/28/2016
      Location: Kalamazoo
      Projected Investment: $9,654,434
      Tax Increment Revenue: $742,930
      Taxes Levied for School Operating Purposes: $281,793
    Ashley Capital – Tri-County Commerce Center Project
    • Approval Date: 06/28/2016
      Location: Hazel Park
      Projected Investment: $36,000,000
      Tax Increment Revenue: $5,751,200
      Taxes Levied for School Operating Purposes: $2,340,163
    Peregrine PNC, LLC – Peregrine PNC
    • Approval Date: 05/24/2016
      Location: Kalamazoo
      Projected Investment: $4,501,360
      Tax Increment Revenue: $648,596
      Taxes Levied for School Operating Purposes: $238,618
    Spartan Motors, Inc. – Spartan Motors Expansion
    • Approval Date: 05/24/2016
      Location: Charlotte
      Projected Investment: $6,630,500
      Tax Increment Revenue: $943,800
      Taxes Levied for School Operating Purposes: $398,021
    Hamel Brennan Properties, LLC – Skypoint Ventures Redevelopment Project
    • Approval Date: 05/05/2016
      Location: Fenton
      Projected Investment: $4,980,000
      Tax Increment Revenue: $323,663
      Taxes Levied for School Operating Purposes: $145,487
    Grand Rapids Properties I, LLC – GR RISE-Benson and Grand Avenue
    • Approval Date: 04/26/2016
      Location: Grand Rapids
      Projected Investment: $53,763,059
      Tax Increment Revenue: $8,882,556
      Taxes Levied for School Operating Purposes: $4,562,969
    GTW Depot, LLC – Depot Building Project
    • Approval Date: 03/29/2016
      Location: Kalamazoo
      Projected Investment: $3,110,509
      Tax Increment Revenue: $145,050
      Taxes Levied for School Operating Purposes: $53,352
    Fulton Square LLC – Fulton Square
    • Approval Date: 03/22/2016
      Location: Grand Rapids
      Projected Investment: $8,650,000
      Tax Increment Revenue: $837,598
      Taxes Levied for School Operating Purposes: $481,954
    Bay City Hospitalities, LLC – 501 Saginaw
    • Approval Date: 03/22/2016
      Location: Bay City
      Projected Investment: $6,727,000
      Tax Increment Revenue: $742,350
      Taxes Levied for School Operating Purposes: $442,366
    City of Boyne City – Lake Street Redevelopment Project
    • Approval Date: 03/16/2016
      Location: Boyne City
      Projected Investment: $2,121,345
      Tax Increment Revenue: $107,949
      Taxes Levied for School Operating Purposes: $107,949
    Stonehouse Village VI, LLC - Stonehouse Village Redevelopment Project
    • Approval Date: 02/26/2016
      Location: City of East Lansing
      Projected Investment: $8,700,000
      Tax Increment Revenue: $1,443,165
      Taxes Levied for School Operating Purposes: $493,418
    Offsite Lake Drive, LLC – Kingsley Building
    • Approval Date: 12/15/2015
      Location: City of Grand Rapids
      Projected Investment: $11,341,938
      Tax Increment Revenue: $1,648,060
      Taxes Levied for School Operating Purposes: $1,110,810
    Tall Pines Partners, LLC – Dilworth Hotel
    • Approval Date: 12/15/2015
      Location: Boyne City
      Projected Investment: $9,800,000
      Tax Increment Revenue: $253,884
      Taxes Levied for School Operating Purposes: $253,884
    607 Shelby, LLC - 607 Shelby
    • Approval Date: 11/20/2015
      Location: City of Detroit
      Projected Investment: $3,042,860
      Tax Increment Revenue: $411,165
      Taxes Levied for School Operating Purposes: $385,234
    Ktab II, LLC – Packaging Specialties Inc. Redevelopment Project
    • Approval Date: 11/24/2015
      Location: City of Romulus
      Projected Investment: $4,500,000
      Tax Increment Revenue: $700,000
      Taxes Levied for School Operating Purposes: $330,680
    Lansing Properties I, LLC – SkyVue on Michigan
    • Approval Date: 11/24/2015
      Location: City of Lansing
      Projected Investment: $80,000,000
      Tax Increment Revenue: $25,195,280
      Taxes Levied for School Operating Purposes: $8,818,348
    NOMI Developers LLC – 508 E. Frank Street
    • Approval Date 11/24/2015
      Location: City of Kalamazoo
      Projected Investment: $3,803,857
      Tax Increment Revenue: $605,000
      Taxes Levied for School Operating Purposes: $235,043
    Clark Logistics Group VII, LLC – 555 E. Eliza Street
    • Approval Date: 10/1/2015
      Location: Village of Schoolcraft
      Projected Investment: $900,000
      Tax Increment Revenue: $295,000
      Taxes Levied for School Operating Purposes: $129,446
    Bridge and Turner, LLC – Bridge Street Gateway
    • Approval Date: 10/27/2015
      Location: Grand Rapids
      Projected Investment: $25,000,000
      Tax Increment Revenue: $2,126,175
      Taxes Levied for School Operating Purposes: $1,097,532
    OMH, LLC – The Rowe Hotel
    • Approval Date: 9/22/2015
      Location: Grand Rapids
      Projected Investment: $26,889,744
      Tax Increment Revenue: $2,582,434
      Taxes Levied for School Operating Purposes: $1,328,404
    Port of Monroe and Detroit Edison – Port of Monroe Area-Wide Redevelopment Project
    • Approval Date: 9/22/2015
      Location: Monroe
      Projected Investment: $43,500,000
      Tax Increment Revenue: $3,623,275
      Taxes Levied for School Operating Purposes: $1,580,473
    HM Ventures Group 6, LLC – Wurlitzer Hotel
    • Approval Date: 9/22/2015
      Location: Detroit
      Projected Investment: $22,285,110
      Tax Increment Revenue: $1,769,319
      Taxes Levied for School Operating Purposes: $1,634,899
    CASAMIRA APARTMENTS
    • Approval Date:  8/25/2015
      Location: Detroit
      Projected Investment: $10,176,032
      Tax Increment Revenue: $821,475
      Taxes Levied for School Operating Purposes: $400,349
    BELKNAP GATEWAY, LLC - BELKNAP GATEWAY PROJECT
    • Approval Date:  8/25/2015
      Location: Grand Rapids
      Projected Investment: $18,700,000
      Tax Increment Revenue: $2,569,765
      Taxes Levied for School Operating Purposes: $1,328,312
    VANDER MILL, LLC - VANDER MILL PROJECT
    • Approval Date:  8/17/2015
      Location: Grand Rapids
      Projected Investment: $3,700,000
      Tax Increment Revenue: $96,828
      Taxes Levied for School Operating Purposes: $49,741
    DOWNTOWN ALBION HOTEL, LLC - DOWNTOWN ALBION HOTEL PROJECT
    • Approval Date:  7/28/2015
      Location: Albion
      Projected Investment: $8,428,136
      Tax Increment Revenue: $963,416
      Taxes Levied for School Operating Purposes: $375,154
    2 EAST MAIN - ROSS APARTMENTS MIXED USE REHAB PROJECT
    • Approval Date:  7/16/2015
      Location: Fremont
      Projected Investment: $265,000
      Tax Increment Revenue: $76,530
      Taxes Levied for School Operating Purposes: $34,951
    RANDY & MARY G. ROBART - ROBART APARTMENTS MIXED USE REHAB PROJECT
    • Approval Date:  7/16/2015
      Location: Fremont
      Projected Investment: $375,000
      Tax Increment Revenue: $112,858
      Taxes Levied for School Operating Purposes: $51,542
    PAUL & SALLY MELLEMA - MELLEMA APARTMENTS MIXED USE REHAB PROJECT
    • Approval Date:  7/16/2015
      Location: Fremont
      Projected Investment: $255,000
      Tax Increment Revenue: $148,790
      Taxes Levied for School Operating Purposes: $67,952
    AFMAN PROPERTIES, LLC - COUNTRY SQUIRE APARTMENTS MIXED USE REHAB PROJECT
    • Approval Date:  7/16/2015
      Location: Fremont
      Projected Investment: $180,000
      Tax Increment Revenue: $101,198
      Taxes Levied for School Operating Purposes: $46,217
    M1 CONCOURSE, LLC - M1 CONCOURSE PROJECT
    • Approval Date:  6/23/2015
      Location: Pontiac
      Projected Investment: $45,000,000
      Tax Increment Revenue: $7,963,274
      Taxes Levied for School Operating Purposes: $3,733,183
    FULTON AND SEWARD, LLC - FULTON PLACE PROJECT
    • Approval Date:  6/23/2015
      Location: Grand Rapids
      Projected Investment: $33,775,000
      Tax Increment Revenue: $5,598,600
      Taxes Levied for School Operating Purposes: $2,876,001
    BEACON SPECIALIZED LIVING SERVICES, INC - BRIDGEPORT COMMONS PROJECT
    • Approval Date:  6/17/2015
      Location: St. Ignace
      Projected Investment: $4,400,000
      Tax Increment Revenue: $464,250
      Taxes Levied for School Operating Purposes: $215,366
    WATERS BUILDING, LLC - WATERS BUILDING REDEVELOPMENT PROJECT
    • Approval Date:  6/08/2015
      Location: Grand Rapids
      Projected Investment: $35,000,000
      Tax Increment Revenue: $2,645,110
      Taxes Levied for School Operating Purposes: $2,212,635
    DART BANK - DART BANK HEADQUARTERS PROJECT
    • Approval Date:  6/08/2015
      Location: Mason
      Projected Investment: $8,000,000
      Tax Increment Revenue: $1,105,875
      Taxes Levied for School Operating Purposes: $451,418
    LOFTS ON ALABAMA, LLC. - LOFTS ON ALABAMA
    • Approval Date:  6/08/2015
      Location: Grand Rapids
      Projected Investment: $20,000,000
      Tax Increment Revenue: $2,825,200
      Taxes Levied for School Operating Purposes: $1,610,525
    DURR SYSTEMS, INC. - DURR CORPORATE HEADQUARTERS
    • Approval Date:  6/08/2015
      Location: Southfield
      Projected Investment: $40,000,000
      Tax Increment Revenue: $4,887,366
      Taxes Levied for School Operating Purposes: $2,497,261
    INQUIRE PARTNERS, INC. - MOSO VILLAGE PROJECT
    • Approval Date:  4/28/2015
      Location: Sturgis
      Projected Investment: $6,693,668
      Tax Increment Revenue: $1,969,950
      Taxes Levied for School Operating Purposes: $925,680
    MICHIGAN STATE UNIVERSITY - MSU RESEARCH CENTER
    • Approval Date:  4/28/2015
      Location: Grand Rapids
      Projected Investment: $88,000,000
      Tax Increment Revenue: $28,880,350
      Taxes Levied for School Operating Purposes: $14,835,836
    1400 EDDY, LLC - LANDAAL PACKAGING SYSTEMS
    • Approval Date:  4/21/2015
      Location: Bay City
      Projected Investment: $4,900,000
      Tax Increment Revenue: $495,100
      Taxes Levied for School Operating Purposes: $200,070
    GLMPR, LLC - GREAT LAKES PHYSICAL MEDICINE & REHABILITATION
    • Approval Date:  4/10/2015
      Location: Wyandotte
      Projected Investment: $3,000,000
      Tax Increment Revenue: $481,693
      Taxes Levied for School Operating Purposes: $197,580
    PDRM PROPERTIES, LLC - MACK ATHLETIC COMPLEX
    • Approval Date:  4/02/2015
      Location: Detroit
      Projected Investment: $1,000,000
      Tax Increment Revenue: $248,033
      Taxes Levied for School Operating Purposes: $69,251
    ST. MARY'S CEMENT - ST. MARY'S CEMENT PROJECT
    • Approval Date:  3/24/2015
      Location: Charlevoix
      Projected Investment: $130,000,000
      Tax Increment Revenue: $4,133,214
      Taxes Levied for School Operating Purposes: $3,104,457
    DLP MARQUETTE GENERAL HOSPITAL, LLC - DLP MARQUETTE GENERAL HOSPITAL
    • Approval Date:  2/24/2015
      Location: Marquette
      Projected Investment: $170,000,000
      Tax Increment Revenue: $55,763,061
      Taxes Levied for School Operating Purposes: $31,455,943
    CEDAR SPRINGS BREWING COMPANY, LLC - CEDAR SPRINGS BREWING COMPANY PROJECT
    • Approval Date:  2/18/2015
      Location: Cedar Springs
      Projected Investment: $1,564,570
      Tax Increment Revenue: $56,800
      Taxes Levied for School Operating Purposes: $25,622
    ALPENA LODGING, LLC - ALPENA HOLIDAY INN EXPRESS PROJECT
    • Approval Date:  1/27/2015
      Location: Alpena
      Projected Investment: $8,000,000
      Tax Increment Revenue: $1,278,250
      Taxes Levied for School Operating Purposes: $813,619

    Click here for more information on Brownfield Redevelopment and TIF.