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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. 

  • Kingsley Condominiums, LLC – Kingsley Condominiums Redevelopment Project
    • Approval Date:   April 25, 2017
      Location:   Ann Arbor
      Projected Investment:   $44,166,444
      Tax Increment Revenue:   $4,000,000
      Taxes Levied for School Operating Purposes:   $997,200
    Brush Park Development Company – Brush Park Parcels A+B
    • Approval Date:   March 28, 2017
      Location:   Detroit
      Projected Investment:   $100,000,000
      Tax Increment Revenue:   $15,796,867
      Taxes Levied for School Operating Purposes:   $6,091,902
    Lofts on Wealthy LLC – Lofts on Wealthy, LLC Redevelopment
    • Approval Date:   March 28, 2017
      Location:   Grand Rapids
      Projected Investment:   $14,000,000
      Tax Increment Revenue:   $970,250
      Taxes Levied for School Operating Purposes:   $812,033
    Stryker Corporation World Headquarters – Stryker Research and Development Project
    • Approval Date:   February 28, 2017
      Location:   Portage
      Projected Investment:   $130,120,000
      Tax Increment Revenue:   $7,283,675
      Taxes Levied for School Operating Purposes:   $3,674,745
    637 Michigan LLC – The Midtown Cityzen Project
    • Approval Date:   February 28, 2017
      Location:   Grand Rapids
      Projected Investment:   $6,837,687
      Tax Increment Revenue:   $675,079
      Taxes Levied for School Operating Purposes:   $423,757
    150 Ottawa Development LLC – 150 OttawaDevelopment
    • Approval Date:   February 28, 2017
      Location:   Grand Rapids
      Projected Investment:   $63,500,000
      Tax Increment Revenue:   $8,665,164
      Taxes Levied for School Operating Purposes:   $7,590,753
    WSF 2015, LLC – Washington School
    • Approval Date:   December 22, 2016
      Location:   Holland
      Projected Investment:   $5,200,000
      Tax Increment Revenue:   $456,250
      Taxes Levied for School Operating Purposes:   $58,792
    Dearborn Downtown, LLC – Wagner Place Project
    • Approval Date:   December 20, 2016
      Location:   Dearborn
      Projected Investment:   $80,000,000
      Tax Increment Revenue:   $31,418,232
      Taxes Levied for School Operating Purposes:   $12,008,048
    Lipari Foods Operating Company, LLC – Former Salvage Yards 26600 and 26400 Bunert Road
    • Approval Date:   December 20, 2016
      Location:   Warren
      Projected Investment:   $38,046,183
      Tax Increment Revenue:   $1,938,885
      Taxes Levied for School Operating Purposes:   $958,390
    Exchange Building, LLC – The Exchange
    • Approval Date:   December 20, 2016
      Location:   Kalamazoo
      Projected Investment:   $52,691,371
      Tax Increment Revenue:   $7,664,828
      Taxes Levied for School Operating Purposes:   $3,146,412
    City of Ludington – Ludington Bowling Alley Block Redevelopment
    • Approval Date:   December 20, 2016
      Location:   Ludington
      Projected Investment:   $16,000,000
      Tax Increment Revenue:   $2,307,350
      Taxes Levied for School Operating Purposes:   $1,006,466
    Queen Lillian II, LLC – The Mondrian at Midtown Project
    • Approval Date:   December 20, 2016
      Location:   Detroit
      Projected Investment:   $30,900,000
      Tax Increment Revenue:   $4,040,104
      Taxes Levied for School Operating Purposes:   $1,531,199
    1001 Monroe LLC – River's Edge Project
    • Approval Date:   December 20, 2016
      Location:   Grand Rapids
      Projected Investment:   $9,605,625
      Tax Increment Revenue:   $1,015,450
      Taxes Levied for School Operating Purposes:   $510,771
    Plazacorp Realty – 216/220 West Michigan
    • Approval Date:   October 21, 2016
      Location:   Kalamazoo
      Projected Investment:   $2,409,138
      Tax Increment Revenue:   $160,958
      Taxes Levied for School Operating Purposes:   $66,073
    City of Ferndale – Axle Brewing Company
    • Approval Date:   October 20, 2016
      Location:   Ferndale
      Projected Investment:   $2,800,000
      Tax Increment Revenue:   $212,503
      Taxes Levied for School Operating Purposes:   $88,874
    Chamber Support Corporation –
    • Approval Date:   September 27, 2016
      Location:   Owosso
      Projected Investment:   $4,272,778
      Tax Increment Revenue:   $394,650
      Taxes Levied for School Operating Purposes:   $179,092
    Cargill, Incorporated – City of Owosso Infrastructure
    • Approval Date:   September 27, 2016
      Location:   Owosso
      Projected Investment:   $13,700,000
      Tax Increment Revenue:   $2,787,241
      Taxes Levied for School Operating Purposes:   $1,292,165
    Third & Grand LLC – Third & Grand Redevelopment
    • Approval Date:   September 27, 2016
      Location:   Detroit
      Projected Investment:   $54,615,786
      Tax Increment Revenue:   $15,101,616
      Taxes Levied for School Operating Purposes:   $6,741,361
    Diamond Place LLC – Diamond Place
    • Approval Date:   September 27, 2016
      Location:   Grand Rapids
      Projected Investment:   $19,478,507
      Tax Increment Revenue:   $9,911,500
      Taxes Levied for School Operating Purposes:   $5,100,458
    Inn on Water Street, LLC – Inn on Water Street
    • Approval Date:   September 23, 2016
      Location:   Marine City
      Projected Investment:   $3,549,007
      Tax Increment Revenue:   $216,800
      Taxes Levied for School Operating Purposes:   $83,490