[CPEO-BIF] Seara Auto Center demolition, Adrian, Michigan

[Lenny Siegel <lsiegel@cpeo.org>]

Mall owner seeks brownfield funding for auto center demolition

 
By Brian Paynter
Adrian Daily Telegram (MI)
January 21, 2015 

ADRIAN - The new owner of the Adrian Mall has requested a funding plan from the city of Adrian that would allow it to be reimbursed for demolition work on part of the building.

Dallas-based Tabani Group would use  for brownfield tax increment financing (TIF) to support demolishing the former Sears Auto Center so it could proceed with about a $2.5 million redevelopment project for a new retailer.

Chris Miller, downtown development authority and economic development coordinator for the city of Adrian, said Tabani is “very close” to announcing the new business.

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For the entire article, see
http://www.lenconnect.com/article/20150121/NEWS/150129816/-1/opinion

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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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