|From:||Lenny Siegel <firstname.lastname@example.org>|
|Date:||Thu, 18 Sep 2008 21:08:39 -0700 (PDT)|
|Subject:||[CPEO-BIF] Limit on Ann Arbor, Michigan subsidies|
Brownfield redevelopment snag at 601 Forest may cause complications for
Dan Meisler Ann Arbor Business Review (MI) September 18, 2008The 601 Forest student high-rise project triggered City Council meetings featuring angry neighbors, resistant policy makers and frustrated developers.
But a less-noticed aspect of the 25-story, 1,400-bed development on South University could add a financial complication - the brownfield tax-capture is likely to be smaller than requested by developers Dan Ketelaar and Ron Hughes.
...Because the project is in the city of Ann Arbor, it is technically eligible for brownfield financing for non-environmental expenses included some infrastructure work, sidewalks and site improvements. But the committee was only inclined to approve environmental costs such as removing contaminated soil from the site of a former dry-cleaner.
... For the entire article, see http://www.mlive.com/businessreview/annarbor/index.ssf/2008/09/brownfield_redevelopment_snag.html -- Lenny Siegel Executive Director, Center for Public Environmental Oversight a project of the Pacific Studies Center 278-A Hope St., Mountain View, CA 94041 Voice: 650/961-8918 or 650/969-1545 Fax: 650/961-8918 <email@example.com> http://www.cpeo.org _______________________________________________ Brownfields mailing list Brownfields@lists.cpeo.org http://lists.cpeo.org/listinfo.cgi/brownfields-cpeo.org
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