Transformational Brownfield News Today

The Grand Rapids City Commission approved a request from a private economic development group for an incentive plan for the amphitheater, a proposed downtown soccer stadium, and high-rise towers adjacent to the venues containing 735 apartments.

Once known for its luxury retail stores, Lakeside Mall has experienced an exodus of tenants and today occupancy is down to about 20%.

Council members generally voted 6-3 for the development incentives and plan, known as the $3 billion Future of Health.

Most of the incentives would go toward 662 units of new mixed-income housing to be developed by a Detroit Pistons-related corporate entity.

The anticipated 210-room hotel would be located within the new Hudson's site skyscraper on Woodward Avenue in downtown.

At issue is a $232M Transformational Brownfield tax capture developers say they need to finance the project near Henry Ford Hospital in Detroit.

A neighborhood group voted 6-2 in favor of the deal that includes scholarships even though the deal fell short of the group's initial request.

The District Detroit collaboration is falling further behind schedule as Wayne County waits for negotiations to resume for a needed land purchase.

The incentives would go toward plans to build 662 units of mixed-income housing and a new medical research center near Henry Ford hospital in Detroit.

On July 18, 2023, Governor Whitmer signed into law Public Act 90 of 2023, an amendment to the Brownfield Redevelopment Financing Act (Act 381)…