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Brownfield Tax Increment Financing Projects

  • Brownfield Tax Increment Financing Projects

    As of July 13, 2016, the following Brownfield Tax Increment Financing (TIF) projects have been approved by the Michigan Strategic Fund. These projects could contain other MSF support. 

    Click here for more information on Brownfield Redevelopment and TIF. 

  • HB BM East Lansing, LLC – Center City District
    • Approval Date:   September 26, 2017
      Location:   East Lansing
      Projected Investment:   $126,603,899
      Tax Increment Revenue:   $53,861,536
      Taxes Levied for School Operating Purposes:   $18,393,714
    George F. Eyde Family, LLC – Oliver Towers Redevelopment
    • Approval Date:   September 26, 2017
      Location:   Lansing
      Projected Investment:   $13,698,710
      Tax Increment Revenue:   $967,796
      Taxes Levied for School Operating Purposes:   $511,105
    Grand Traverse County – Park Place Redevelopment Area
    • Approval Date:   September 26, 2017
      Location:   Traverse City
      Projected Investment:   $4,730,000
      Tax Increment Revenue:   $277,680
      Taxes Levied for School Operating Purposes:   $1,343,564
    CWD 50 Monroe, LLC – CWD Monroe LLC/50 Monroe
    • Approval Date:   September 26, 2017
      Location:   Grand Rapids
      Projected Investment:   $47,400,000
      Tax Increment Revenue:   $2,274,235
      Taxes Levied for School Operating Purposes:   $1,632,812
    Geenen DeKock Properties, L.L.C. – Geenen DeKock Properties LLC and West 8th Development LLC Redevelopment
    • Approval Date:   September 26, 2017
      Location:   Holland
      Projected Investment:   $40,000,000
      Tax Increment Revenue:   $17,766,736
      Taxes Levied for School Operating Purposes:   $8,407,219
    Bloomfield Village Owner, LLC – The Village at Bloomfield Redevelopment Project
    • Approval Date:   September 26, 2017
      Location:   Pontiac
      Projected Investment:   $122,668,041
      Tax Increment Revenue:   $24,691,049
      Taxes Levied for School Operating Purposes:   $11,529,007
    PS383,LLC – 381/383 South Pitcher Street
    • Approval Date:   September 22, 2017
      Location:   Kalamazoo
      Projected Investment:   $2,200,000
      Tax Increment Revenue:   $153,653
      Taxes Levied for School Operating Purposes:   $63,582
    Rivore Metals – Rivore Metals Developement Project
    • Approval Date:   September 08, 2017
      Location:   Pontiac
      Projected Investment:   $6,000,000
      Tax Increment Revenue:   $750,000
      Taxes Levied for School Operating Purposes:   $331,650
    Heritage Place Development LLC – Heritage Place
    • Approval Date:   September 01, 2017
      Location:   Grand Rapids
      Projected Investment:   $13,000,000
      Tax Increment Revenue:   $778,545
      Taxes Levied for School Operating Purposes:   $391,375
    City of Tecumseh – Revival Commons Redevelopment Project
    • Approval Date:   August 22, 2017
      Location:   Tecumseh
      Projected Investment:   $56,600,000
      Tax Increment Revenue:   $1,447,584
      Taxes Levied for School Operating Purposes:   $653,180
    LorAnn Oils, Inc. – LorAnn Oils Redevelopment
    • Approval Date:   August 01, 2017
      Location:   Lansing
      Projected Investment:   $1,542,200
      Tax Increment Revenue:   $148,000
      Taxes Levied for School Operating Purposes:   $51,726
    Banyan Investment, LLC – St. Charles School Project
    • Approval Date:   August 01, 2017
      Location:   Detroit
      Projected Investment:   $9,470,000
      Tax Increment Revenue:   $929,369
      Taxes Levied for School Operating Purposes:   $151,253
    Auch 65 University, LLC – Pontiac East Gateway Redevelopment Project
    • Approval Date:   July 25, 2017
      Location:   Pontiac
      Projected Investment:   $9,544,044
      Tax Increment Revenue:   $2,296,325
      Taxes Levied for School Operating Purposes:   $1,093,510
    United Hospitality Group East Lansing, LLC – 1100 Trowbridge Road
    • Approval Date:   July 17, 2017
      Location:   East Lansing
      Projected Investment:   $12,314,675
      Tax Increment Revenue:   $975,250
      Taxes Levied for School Operating Purposes:   $333,048
    Tamarack Holdings – Food for Thought Center
    • Approval Date:   July 11, 2017
      Location:   Traverse City
      Projected Investment:   $4,792,000
      Tax Increment Revenue:   $441,713
      Taxes Levied for School Operating Purposes:   $272,979
    ZFS Ithaca LLC – ZFS Ithaca LLC Ithaca Development
    • Approval Date:   June 27, 2017
      Location:   Ithaca
      Projected Investment:   $124,000,000
      Tax Increment Revenue:   $12,200,000
      Taxes Levied for School Operating Purposes:   $5,452,180
    Wolf River Development, LLC – 409 on Nine Development
    • Approval Date:   June 27, 2017
      Location:   Ferndale
      Projected Investment:   $16,100,620
      Tax Increment Revenue:   $2,423,410
      Taxes Levied for School Operating Purposes:   $1,013,470
    213 Development, LLC – 213 Developement, LLC-The Legacy
    • Approval Date:   June 27, 2017
      Location:   Bay City
      Projected Investment:   $10,723,004
      Tax Increment Revenue:   $1,561,866
      Taxes Levied for School Operating Purposes:   $802,913
    Fluid Chillers Inc – Fluid Chillers Inc - Expansion
    • Approval Date:   May 22, 2017
      Location:   Lansing
      Projected Investment:   $1,382,817
      Tax Increment Revenue:   $328,740
      Taxes Levied for School Operating Purposes:   $117,695
    Bridge and Stocking, L.L.C. – Bridge and Stocking Project
    • Approval Date:   April 25, 2017
      Location:   Grand Rapids
      Projected Investment:   $55,615,000
      Tax Increment Revenue:   $13,222,985
      Taxes Levied for School Operating Purposes:   $6,792,647