[CPEO-BIF] Wyoming, Michigan GM site.pdf

[Lenny Siegel <lennysiegel@gmail.com>]

Wyoming uses tax deal to tie former GM stamping plant to 'living  
wage' jobs


By Matt Vande Bunte
Grand Rapids Press (MI)
March 22, 2011,

WYOMING - A deal approved Monday would use future tax proceeds to  
reimburse redevelopers of the former General Motors plant on 36th  
Street SW, so long as the 90-acre site gets revived by manufacturers  
that provide “living wage” jobs.

“That’s the chance we’re taking,” said Jason Horton, a partner with  
Bloomfield Hills-based Lormax Stern Development Co. “If we don’t  
produce, we’re out.

“This is a national and international search.”

Wyoming and Lormax Stern in January announced plans of a public- 
private effort to redevelop the site that for 75 years housed a major  
industrial employer.

...

For the entire article, see
http://www.mlive.com/business/west-michigan/index.ssf/2011/03/ 
wyoming_uses_tax_deal_to_tie_f.html

--

Lenny Siegel
Executive Director, Center for Public Environmental Oversight
a project of the Pacific Studies Center
278-A Hope Street, 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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