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The following Brownfield Tax Increment Financing (TIF) projects have been approved by the Michigan Strategic Fund. These projects could contain other MSF support
The Report was last updated on Jun 6, 2023.
Olympia Development of Michigan - The District Detroit Transformational Brownfield Plan
| Approval Date: | Apr 25, 2023 |
|---|---|
| Location: | Detroit |
| Project Investment: | $1,533,325,486.00 |
| Total Award Amount: | $22,990,286.00 |
| State Portion of Award: | $19,581,044.00 |
Olympia Development of Michigan - The District Detroit Transformational Brownfield Plan
| Approval Date: | Apr 25, 2023 |
|---|---|
| Location: | Detroit |
| Project Investment: | $1,533,325,486.00 |
| Total Award Amount: | $37,820,460.00 |
| State Portion of Award: | $32,762,501.00 |
Olympia Development of Michigan - The District Detroit Transformational Brownfield Plan
| Approval Date: | Apr 25, 2023 |
|---|---|
| Location: | Detroit |
| Project Investment: | $1,533,325,486.00 |
| Total Award Amount: | $171,707,937.00 |
| State Portion of Award: | $160,179,431.00 |
Olympia Development of Michigan - The District Detroit Transformational Brownfield Plan
| Approval Date: | Apr 25, 2023 |
|---|---|
| Location: | Detroit |
| Project Investment: | $1,533,325,486.00 |
| Total Award Amount: | $42,971,471.00 |
| State Portion of Award: | $40,427,978.00 |
Olympia Development of Michigan - The District Detroit Transformational Brownfield Plan
| Approval Date: | Apr 25, 2023 |
|---|---|
| Location: | Detroit |
| Project Investment: | $1,533,325,486.00 |
| Total Award Amount: | $21,757,098.00 |
| State Portion of Award: | $19,799,336.00 |
Olympia Development of Michigan - The District Detroit Transformational Brownfield Plan
| Approval Date: | Apr 25, 2023 |
|---|---|
| Location: | Detroit |
| Project Investment: | $1,533,325,486.00 |
| Total Award Amount: | $69,566,485.00 |
| State Portion of Award: | $63,704,169.00 |
Olympia Development of Michigan - The District Detroit Transformational Brownfield Plan
| Approval Date: | Apr 25, 2023 |
|---|---|
| Location: | Detroit |
| Project Investment: | $1,533,325,486.00 |
| Total Award Amount: | $165,744,832.00 |
| State Portion of Award: | $156,940,917.00 |
Olympia Development of Michigan - The District Detroit Transformational Brownfield Plan
| Approval Date: | Apr 25, 2023 |
|---|---|
| Location: | Detroit |
| Project Investment: | $1,533,325,486.00 |
| Total Award Amount: | $48,081,352.00 |
| State Portion of Award: | $45,224,443.00 |
Olympia Development of Michigan - The District Detroit Transformational Brownfield Plan
| Approval Date: | Apr 25, 2023 |
|---|---|
| Location: | Detroit |
| Project Investment: | $1,533,325,486.00 |
| Total Award Amount: | $28,522,360.00 |
| State Portion of Award: | $24,614,133.00 |
Olympia Development of Michigan - The District Detroit Transformational Brownfield Plan
| Approval Date: | Apr 25, 2023 |
|---|---|
| Location: | Detroit |
| Project Investment: | $1,533,325,486.00 |
| Total Award Amount: | $5,802,628.00 |
| State Portion of Award: | $5,123,891.00 |
Hotel Ventures Manistee, LLC - Hotel Ventures Manistee, LLC at 101 South Lakeshore Drive
| Approval Date: | Apr 25, 2023 |
|---|---|
| Location: | Manistee |
| Project Investment: | $27,601,141.00 |
| Total Award Amount: | $1,261,995.00 |
| State Portion of Award: | $808,701.00 |
City of Marquette - Former Hospital Redevelopment
| Approval Date: | Apr 25, 2023 |
|---|---|
| Location: | Marquette |
| Project Investment: | $166,000,000.00 |
| Total Award Amount: | $8,246,020.00 |
| State Portion of Award: | $3,834,399.00 |
SP Holding Company LLC - SP Holding Company, LLC Project
| Approval Date: | Apr 25, 2023 |
|---|---|
| Location: | Haslett |
| Project Investment: | $68,265,000.00 |
| Total Award Amount: | $2,350,073.00 |
| State Portion of Award: | $2,148,939.00 |
Lofts on Grove Holdings, LLC - Lofts on Grove
| Approval Date: | Apr 11, 2023 |
|---|---|
| Location: | Grand Rapids |
| Project Investment: | $24,380,136.00 |
| Total Award Amount: | $913,500.00 |
| State Portion of Award: | $631,933.00 |
Sartorius BioAnalytical Instruments, Inc. - 3874 Research Drive Project
| Approval Date: | Mar 28, 2023 |
|---|---|
| Location: | Ann Arbor |
| Project Investment: | $57,000,000.00 |
| Total Award Amount: | $2,592,813.00 |
| State Portion of Award: | $975,600.00 |
Bogan Developments, LLC - 315 Frank Street Live Work
| Approval Date: | Mar 28, 2023 |
|---|---|
| Location: | Kalamazoo |
| Project Investment: | $3,545,000.00 |
| Total Award Amount: | $405,469.00 |
| State Portion of Award: | $159,578.00 |
Albion Reinvestment Corporation - 101-119 S. Superior Street
| Approval Date: | Mar 28, 2023 |
|---|---|
| Location: | Albion |
| Project Investment: | $7,909,500.00 |
| Total Award Amount: | $1,503,880.00 |
| State Portion of Award: | $806,850.00 |
WB Vacation Properties, LLC - 340 W. Main Street Redevelopment
| Approval Date: | Mar 3, 2023 |
|---|---|
| Location: | Ionia |
| Project Investment: | $679,000.00 |
| Total Award Amount: | $104,384.00 |
| State Portion of Award: | $70,048.00 |
Ashley Capital - Metro 94 Commerce Center Redevelopment Project
| Approval Date: | Feb 28, 2023 |
|---|---|
| Location: | Taylor |
| Project Investment: | $40,000,000.00 |
| Total Award Amount: | $5,435,284.00 |
| State Portion of Award: | $1,928,439.00 |
120 E. Superior, LLC - 116-120 E. Superior Street Redevelopment Project
| Approval Date: | Feb 28, 2023 |
|---|---|
| Location: | Alma |
| Project Investment: | $2,778,695.00 |
| Total Award Amount: | $686,707.00 |
| State Portion of Award: | $374,689.00 |