©2018 Michigan Economic Development Corporation

About MEDC

PM About Gradient

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. 

  • Spartan Motors, Inc. – Spartan Motors Expansion
    • Approval Date:   May 24, 2016
      Location:   Charlotte
      Projected Investment:   $6,650,000
      Tax Increment Revenue:   $943,800
      Taxes Levied for School Operating Purposes:   $398,021
    Peregrine PNC, LLC – Peregrine PNC
    • Approval Date:   May 24, 2016
      Location:   Kalamazoo
      Projected Investment:   $4,501,360
      Tax Increment Revenue:   $648,596
      Taxes Levied for School Operating Purposes:   $238,618
    Hamel Brennan Properties, LLC – Skypoint Ventures Redevelopment Project
    • Approval Date:   May 05, 2016
      Location:   Fenton
      Projected Investment:   $4,980,000
      Tax Increment Revenue:   $323,663
      Taxes Levied for School Operating Purposes:   $145,487
    Grand Rapids Properties 1, LLC – GR RISE-Benson and Grand Avenue
    • Approval Date:   April 26, 2016
      Location:   Grand Rapids
      Projected Investment:   $53,763,059
      Tax Increment Revenue:   $8,882,556
      Taxes Levied for School Operating Purposes:   $4,562,969
    GTW Depot, LLC – Depot Building Project
    • Approval Date:   March 29, 2016
      Location:   Kalamazoo
      Projected Investment:   $3,110,509
      Tax Increment Revenue:   $145,050
      Taxes Levied for School Operating Purposes:   $56,352
    Bay City Hospitalities, LLC – 501 Saginaw
    • Approval Date:   March 22, 2016
      Location:   Bay City
      Projected Investment:   $6,727,000
      Tax Increment Revenue:   $742,350
      Taxes Levied for School Operating Purposes:   $442,366
    Fulton Square LLC – Fulton Square
    • Approval Date:   March 22, 2016
      Location:   Grand Rapids
      Projected Investment:   $8,650,000
      Tax Increment Revenue:   $837,598
      Taxes Levied for School Operating Purposes:   $481,954
    City of Boyne City – Lake Street Redevelopment Prj.
    • Approval Date:   March 16, 2016
      Location:   Boyne City
      Projected Investment:   $2,121,345
      Tax Increment Revenue:   $107,949
      Taxes Levied for School Operating Purposes:   $107,949
    Stonehouse Village VI, LLC – Stonehouse Village VI Redevelopment
    • Approval Date:   February 23, 2016
      Location:   East Lansing
      Projected Investment:   $8,700,000
      Tax Increment Revenue:   $1,443,165
      Taxes Levied for School Operating Purposes:   $493,418
    Offsite Lake Drive, L.L.C. – Kingsley Building
    • Approval Date:   December 15, 2015
      Location:   Grand Rapids
      Projected Investment:   $11,942,125
      Tax Increment Revenue:   $1,648,060
      Taxes Levied for School Operating Purposes:   $1,110,810
    City of Boyne City – Dilworth Hotel
    • Approval Date:   December 15, 2015
      Location:   Boyne City
      Projected Investment:   $9,830,251
      Tax Increment Revenue:   $253,884
      Taxes Levied for School Operating Purposes:   $253,884
    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