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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. 

  • 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
    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
    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
    Ferrous Metal Processing – Ferrous CAL Redevelopment Project
    • Approval Date:   June 08, 2015
      Location:   Gibraltar
      Projected Investment:   $50,200,000
      Tax Increment Revenue:   $4,511,454
      Taxes Levied for School Operating Purposes:   $1,985,040
    Dürr Systems Inc. – Durr Corporate Headquarters
    • Approval Date:   June 08, 2015
      Location:   Southfield
      Projected Investment:   $30,100,000
      Tax Increment Revenue:   $4,887,366
      Taxes Levied for School Operating Purposes:   $2,497,261
    Waters Building LLC – Waters Building Redevelopment
    • Approval Date:   June 08, 2015
      Location:   Grand Rapids
      Projected Investment:   $33,418,515
      Tax Increment Revenue:   $2,645,110
      Taxes Levied for School Operating Purposes:   $2,212,635
    616 Lofts – Lofts on Alabama
    • Approval Date:   June 08, 2015
      Location:   Grand Rapids
      Projected Investment:   $20,000,000
      Tax Increment Revenue:   $2,825,200
      Taxes Levied for School Operating Purposes:   $1,610,525
    Dart Bank – Dart Bank Headquarters
    • Approval Date:   June 08, 2015
      Location:   Mason
      Projected Investment:   $8,000,000
      Tax Increment Revenue:   $1,105,875
      Taxes Levied for School Operating Purposes:   $451,418
    Michigan State University – MSU Research Center
    • Approval Date:   April 28, 2015
      Location:   Grand Rapids
      Projected Investment:   $88,000,000
      Tax Increment Revenue:   $28,880,350
      Taxes Levied for School Operating Purposes:   $14,835,836
    Moso Village, LLC – Moso Village Project
    • Approval Date:   April 28, 2015
      Location:   Sturgis
      Projected Investment:   $6,693,668
      Tax Increment Revenue:   $1,969,950
      Taxes Levied for School Operating Purposes:   $925,680
    Landaal Packaging Systems – Landaal Packaging Systems
    • Approval Date:   April 21, 2015
      Location:   Bay City
      Projected Investment:   $5,528,314
      Tax Increment Revenue:   $495,100
      Taxes Levied for School Operating Purposes:   $200,070
    Great Lakes Physical Medicine & Rehabiliation LLC – Great Lakes Physical Med & Rehab
    • Approval Date:   April 10, 2015
      Location:   Wyandotte
      Projected Investment:   $3,016,623
      Tax Increment Revenue:   $481,693
      Taxes Levied for School Operating Purposes:   $197,580