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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. 

  • Packaging Specialties, Incorporated – Packaging Specialties Inc. Redev Prj
    • Approval Date:   November 24, 2015
      Location:   Romulus
      Projected Investment:   $5,600,000
      Tax Increment Revenue:   $700,000
      Taxes Levied for School Operating Purposes:   $330,680
    NOMI Developers LLC – 508 E. Frank Street
    • Approval Date:   November 24, 2015
      Location:   Kalamazoo
      Projected Investment:   $3,803,857
      Tax Increment Revenue:   $605,000
      Taxes Levied for School Operating Purposes:   $235,043
    Lansing Economic Area Partnership – SkyVue on Michigan
    • Approval Date:   November 24, 2015
      Location:   Lansing
      Projected Investment:   $80,000,000
      Tax Increment Revenue:   $25,195,280
      Taxes Levied for School Operating Purposes:   $8,818,348
    607 Shelby Detroit, LLC – 607 Shelby
    • Approval Date:   November 20, 2015
      Location:   Detroit
      Projected Investment:   $3,042,860
      Tax Increment Revenue:   $411,165
      Taxes Levied for School Operating Purposes:   $385,234
    Rockford Development Group/Construction Company – Bridge Street Gateway
    • Approval Date:   October 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
    Village of Schoolcraft – CMS 555. Eliza Street
    • Approval Date:   October 01, 2015
      Location:   Schoolcraft
      Projected Investment:   $900,000
      Tax Increment Revenue:   $295,000
      Taxes Levied for School Operating Purposes:   $129,446
    HM Ventures Group 6 LLC – Wurlitzer Hotel Project
    • Approval Date:   September 30, 2015
      Location:   Detroit
      Projected Investment:   $22,285,010
      Tax Increment Revenue:   $1,769,319
      Taxes Levied for School Operating Purposes:   $1,634,899
    Port of Monroe – Port of Monroe Area Wide Redev. Prj.
    • Approval Date:   September 22, 2015
      Location:   Monroe
      Projected Investment:   $10,700,000
      Tax Increment Revenue:   $3,623,275
      Taxes Levied for School Operating Purposes:   $1,580,473
    OMH, L.L.C. – The Rowe
    • Approval Date:   September 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
    Casamira Detroit, LLC – Casamira Apartments Project
    • Approval Date:   August 25, 2015
      Location:   Detroit
      Projected Investment:   $10,176,032
      Tax Increment Revenue:   $821,475
      Taxes Levied for School Operating Purposes:   $400,349
    Orion Construction – Belknap Gateway
    • Approval Date:   August 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:   August 17, 2015
      Location:   Grand Rapids
      Projected Investment:   $3,700,000
      Tax Increment Revenue:   $96,828
      Taxes Levied for School Operating Purposes:   $49,741
    City of Albion – Downtown Albion Hotel Project
    • Approval Date:   July 28, 2015
      Location:   Albion
      Projected Investment:   $9,587,408
      Tax Increment Revenue:   $963,416
      Taxes Levied for School Operating Purposes:   $355,693
    Country Squire Apartment Mixed Use Redevelopment Project – Country Squire Apartments Mixed Use Rehab Project
    • Approval Date:   July 16, 2015
      Location:   Fremont
      Projected Investment:   $180,000
      Tax Increment Revenue:   $101,198
      Taxes Levied for School Operating Purposes:   $46,217
    Mellema Apartments Mixed Use Rehabilitation Project – Mellema Apartments Mixed Use Rehab Project
    • Approval Date:   July 16, 2015
      Location:   Fremont
      Projected Investment:   $255,000
      Tax Increment Revenue:   $148,790
      Taxes Levied for School Operating Purposes:   $67,952
    Ross Apartments Mixed Use Rehabilitation Project – Ross Apartments Mixed Use Rehab Project
    • Approval Date:   July 16, 2015
      Location:   Fremont
      Projected Investment:   $265,000
      Tax Increment Revenue:   $76,530
      Taxes Levied for School Operating Purposes:   $34,951
    Robart Apartments Mixed Use Rehabilitation Project – Robart Apartments Mixed Use Rehab Project
    • Approval Date:   July 16, 2015
      Location:   Fremont
      Projected Investment:   $375,000
      Tax Increment Revenue:   $112,858
      Taxes Levied for School Operating Purposes:   $51,542
    M1 Concourse, LLC – M1 Concourse Project
    • Approval Date:   June 23, 2015
      Location:   Pontiac
      Projected Investment:   $45,000,000
      Tax Increment Revenue:   $7,963,274
      Taxes Levied for School Operating Purposes:   $3,733,183
    Rockford Development Group/Construction Company – Fulton Place Project
    • Approval Date:   June 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
    Mackinac County – Bridgeport Commons Project
    • Approval Date:   June 17, 2015
      Location:   St Ignace
      Projected Investment:   $5,243,001
      Tax Increment Revenue:   $464,250
      Taxes Levied for School Operating Purposes:   $215,366