[CPEO-BIF] Grand Rapid, Michigan

[Lenny Siegel <lsiegel@cpeo.org>]

News Release
Michigan Economic Development Corporation
November 15, 2005 

Governor Announces State Brownfield Credits to Rescue Blighted
Properties in Grand Rapids
YMCA Building, Former Foundry Being Replaced by Apartments, Condos


Governor Jennifer M. Granholm today announced two new residential
developments are coming to downtown Grand Rapids. The site of a former
foundry located in the Grand Rapids SmartZone will be turned into two
apartment and condo towers while the 89-year-old YMCA building on
Library Street will be converted to 50 condominium units. The projects
are made possible by brownfield tax incentives approved by the Michigan
Economic Development Corporation.

?Bringing business and residents back downtown is vital to creating
vibrant cities and good-paying jobs,? Granholm said. ?These developments
will make Grand Rapids an even more inviting place to live, work, play
and invest for a brighter future.?


...

For the entire news release, see
http://medc.michigan.org/news/combo.asp?ContentId=53D501CB-770B-4DE9-ABEF-67C143A85049

-- 


Lenny Siegel
Director, Center for Public Environmental Oversight
c/o PSC, 278-A Hope St., Mountain View, CA 94041
Voice: 650/961-8918 or 650/969-1545
Fax: 650/961-8918
<lsiegel@cpeo.org>
http://www.cpeo.org
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