[CPEO-BIF] "Clock running out" on Michigan Brownfields funding

[Lenny Siegel <lsiegel@cpeo.org>]

Grand Rapids and developers watch clock running out on Brownfield re- 
development funding

By David Czurak
Grand Rapids Business Journal (MI)
December 11, 2012

An important state law that has been largely responsible for the  
redevelopment of urban areas in Michigan, including Grand Rapids,  
will go away if state lawmakers don’t act before the end of the year.

Time is running out on the Brownfield Redevelopment Financing Act of  
1996, as it is set to sunset on Jan. 1.

If that happens, the losers will be downtown property owners and  
developers who won't receive a valuable incentive for turning  
contaminated and vacant properties into useful ones that go on the  
tax rolls when their redevelopment projects are completed.

...

For the entire article, see
http://www.grbj.com/articles/75698-grand-rapids-and-developers-watch- 
clock-running-out-on-brownfield-re-development-funding

You may need to copy and paste the link.


--

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
<lsiegel@cpeo.org>
http://www.cpeo.org

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