[CPEO-BIF] Dundee waterfront, Michigan

[Lenny Siegel <lsiegel@cpeo.org>]

Press Release
Michigan Economic Development Corporation
July 13, 2006


Granholm Announces Assistance to Bring New Development to Dundee Riverfront

Governor Jennifer M. Granholm today announced a brownfield tax incentive 
to support the redevelopment of a former gas station located on the 
River Raisin in downtown Dundee. The mixed-use project is expected to 
involve more than $2.5 million in private investment and create more 
than 50 new jobs.

"This project will strengthen Dundee's waterfront, help to attract 
residential and commercial opportunities to its downtown, and bring 
investment and jobs into the heart of the community," Granholm said.

The developer, Dundee Riverfront LLC, will use a brownfield Single 
Business Tax credit valued at $250,000 to demolish and decontaminate the 
former service station located at 298 Monroe Street and construct a 
mixed-use development to include four residential and six commercial 
condominium units. The 20,000-square-foot commercial portion of the 
project will comprise three of the four floors and the top floor will 
house the-1,700-square-foot residential units.

"This now-contaminated property will soon become a unique jewel for the 
entire community and create opportunities to draw residents and visitors 
for years to come," MEDC President and CEO James C. Epolito said.

According to Scott P Hefflebower, Managing Member of Dundee Riverfront 
LLC, the project will be "the largest, tallest and most ornate building 
in downtown Dundee," and look very much like the original buildings there.

"The Village of Dundee is a great community with leadership that has the 
vision needed to grow into the 21st century," he said. "We are thankful 
for the State of Michigan's assistance and look forward to The River 
Front Centre's place in history for the community."

In her 2006 State of the State address, Granholm emphasized the 
importance of making Michigan a global economic powerhouse in the 21st 
century. Since January 2005, the Governor and the MEDC have announced 
the creation or retention of more than 89,000 jobs as a result of 
targeted assistance provided by the MEDC.

The Michigan Economic Development Corporation, a partnership between the 
state and local communities, promotes smart economic growth by 
developing strategies and providing services to create and retain good 
jobs and a high quality of life. For more information on the Michigan 
Economic Development Corporation's initiatives and programs, visit the 
Web site at www.michigan.org.



# # #

For the original release, go to
http://www.michigan.org/medc/news/combo.asp?ContentId=C93688A4-110D-47BB-B86B-610533BD1A32
--


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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