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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. 

  • DeBoer Bakkerij LLC – DeBoer Bakkerij, LLC Redevelopment
    • Approval Date:   March 21, 2018
      Location:   Holland
      Projected Investment:   $1,800,000
      Tax Increment Revenue:   $151,326
      Taxes Levied for School Operating Purposes:   $72,243
    United Shore Financial Services, LLC – United Shore Developement
    • Approval Date:   February 27, 2018
      Location:   Pontiac
      Projected Investment:   $69,000,000
      Tax Increment Revenue:   $1,900,145
      Taxes Levied for School Operating Purposes:   $841,194
    Basco – 220 West Congress Street
    • Approval Date:   January 19, 2018
      Location:   Detroit
      Projected Investment:   $6,168,000
      Tax Increment Revenue:   $988,415
      Taxes Levied for School Operating Purposes:   $988,415
    Gillespie Company, LLC – 2200 Block, LLC - Provident Place Redevelopment
    • Approval Date:   January 19, 2018
      Location:   Lansing
      Projected Investment:   $7,003,575
      Tax Increment Revenue:   $996,117
      Taxes Levied for School Operating Purposes:   $356,610
    Indeck Niles, LLC – Indeck Niles Energy Center Project
    • Approval Date:   December 19, 2017
      Location:   Niles
      Projected Investment:   $967,172,000
      Tax Increment Revenue:   $34,800,264
      Taxes Levied for School Operating Purposes:   $6,239,687
    The Original and Only Thompson Block, LLC – Thompson Block Redevelopment Project
    • Approval Date:   December 19, 2017
      Location:   Ypsilanti
      Projected Investment:   $11,779,614
      Tax Increment Revenue:   $1,265,799
      Taxes Levied for School Operating Purposes:   $555,501
    751 Griswold Detroit, LLC – 751 Griswold Street
    • Approval Date:   November 28, 2017
      Location:   Detroit
      Projected Investment:   $6,201,096
      Tax Increment Revenue:   $836,869
      Taxes Levied for School Operating Purposes:   $836,869
    Bagley Forest Property, LLC – 7.LIV
    • Approval Date:   November 28, 2017
      Location:   Detroit
      Projected Investment:   $6,779,317
      Tax Increment Revenue:   $989,765
      Taxes Levied for School Operating Purposes:   $373,801
    DEG Development Company, LLC – DEG Development
    • Approval Date:   October 24, 2017
      Location:   Grand Rapids
      Projected Investment:   $12,300,000
      Tax Increment Revenue:   $1,121,407
      Taxes Levied for School Operating Purposes:   $563,731
    Palace Sports & Entertainment – Detroit Pistons Corporate Headquarters and Practice Facility Campus Project
    • Approval Date:   October 24, 2017
      Location:   Detroit
      Projected Investment:   $107,000,000
      Tax Increment Revenue:   $15,981,327
      Taxes Levied for School Operating Purposes:   $7,751,893
    Iron Ridge Holdings LLC – Iron Ridge Development Project
    • Approval Date:   October 24, 2017
      Location:   Ferndale
      Projected Investment:   $32,019,626
      Tax Increment Revenue:   $3,531,500
      Taxes Levied for School Operating Purposes:   $1,466,657
    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
    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
    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