Wednesday, May 28, 2003
Two Redevelopment Projects to Create $16 Million in New Investment
Governor Jennifer M. Granholm announced today that the Michigan Economic Development Corporation (MEDC) has offered assistance to help redevelop two brownfield sites in Wayne County. The two projects, in Detroit and Ecorse, are expected to generate $16 million in private investment and create 75 new jobs.
“Michigan core communities are key to our economic success, and that is why we are focused on reinvigorating our cities,” Granholm said. “Reclaiming these blighted properties will help spur the economic growth in these communities by creating new investment and job opportunities.”
The city of Detroit project involves a six parcel area at the corner of 7 Mile and Gratiot on the city’s east side that will be redeveloped to increase needed retail space in the area. The long blighted property has a history of commercial uses including a filling station, auto repair shop, auto salvage yard, and office space.
This project will include the demolition of existing structures to make way for the construction of 36,000 square-feet of retail space adjacent to an existing Kroger grocery store. The development received approval to capture up to $517,500 in state and local taxes to be used for demolition and site preparation activities. This project is expected to create 75 new jobs and spur more than $6 million in private investment.
A mixed-use development is planned for a blighted 6-block parcel of property on Salliotte Avenue in Ecorse. The development will include 56 townhouse units, a full-service childcare center and a neighborhood-scale retail center. The project received approval to capture up to $408,766 in state and local taxes to be used to demolish buildings and rebuild streetscape infrastructure to make way for the redevelopment. The project is expected to spur $10 million in private investment.