Governor Approves MEDC's Michigan Strategic Fund Projects
The Michigan Economic Development Corp. announced Michigan Strategic Fund’s has approved funding for a wide range of projects in the state.
Stay updated with breaking news from Olympia Development. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
The Michigan Economic Development Corp. announced Michigan Strategic Fund’s has approved funding for a wide range of projects in the state.
The Michigan Strategic Fund’s 9-1 vote came after more than two hours of public comment on the proposal and several other agenda items before the board.
Codevelopers from the Ilitch and Ross family were approved to capture up to $615M in future tax revenue for rehabbing 10 blighted sites.
The $1.5B project is only the third development to win Transformational Brownfield incentives from the Michigan Strategic Fund.
The Michigan Strategic Fund board approval supports the $1.5 billion development by Olympia Development and The Related Cos.