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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. 

  • PDRM, LLC – Mack Athletic Complex
    • Approval Date:   April 02, 2015
      Location:   Detroit
      Projected Investment:   $1,021,297
      Tax Increment Revenue:   $1,009,833
      Taxes Levied for School Operating Purposes:   $382,727
    St Marys Cement Incorporated (U.S.) – St. Marys Cement
    • Approval Date:   March 24, 2015
      Location:   Charlevoix
      Projected Investment:   $130,000,000
      Tax Increment Revenue:   $4,133,214
      Taxes Levied for School Operating Purposes:   $3,104,457
    City of Marquette – DLP Marquette General Hospital
    • Approval Date:   February 24, 2015
      Location:   Marquette
      Projected Investment:   $170,000,000
      Tax Increment Revenue:   $55,763,061
      Taxes Levied for School Operating Purposes:   $31,455,943
    Cedar Springs Brewing Company, LLC – Cedar Springs Brewing Co
    • Approval Date:   February 18, 2015
      Location:   Cedar Springs
      Projected Investment:   $1,564,570
      Tax Increment Revenue:   $56,800
      Taxes Levied for School Operating Purposes:   $25,622
    City of Alpena – Alpena Holiday Inn Express
    • Approval Date:   January 27, 2015
      Location:   Alpena
      Projected Investment:   $8,252,565
      Tax Increment Revenue:   $1,278,250
      Taxes Levied for School Operating Purposes:   $813,619