2007 CPEO Brownfields List Archive

From: Lenny Siegel <lsiegel@cpeo.org>
Date: 17 May 2007 17:46:13 -0000
Reply: cpeo-brownfields
Subject: [CPEO-BIF] Grand Rapids (MI) lofts
 
Brownfield tax credits enable Heartside residential development
to hire 20

By Deborah Johnson Wood
Rapid Growth (Grand Rapids, MI)
May 17, 2007

Loose Leaf Lofts at 333 Commerce, Grand Rapids, will use nearly $283,000 in Brownfield Single Business Tax credits to redevelop the former Loose Leaf Bindery building into market rate rental loft residences. The financial boost, announced by Governor Jennifer Granholm on April 17, is expected to generate more than 20 jobs.

...

Elliott says the Brownfield credits, along with state and local tax capture of some $197,000, made the whole project possible.

"Without the Brownfield we wouldn’t have considered doing the project," he said.

...

For the entire article, see
http://www.rapidgrowthmedia.com/timnews/lllofts0517.aspx

--


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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