[CPEO-BIF] Vacant school, Plymouth's Old Village, Michigan

[Lenny Siegel <lsiegel@cpeo.org>]

School restoration plan gets brownfield boost

by Matt Jachman
Hometown Life (MI)
March 22, 2016


Brownfield financing of more than $1 million will help developers with the cost of restoring a vacant school in Plymouth’s Old Village that’s slated to be converted into 22 loft-style apartments.



The Plymouth City Commission approved the brownfield plan for the Starkweather School project with a 4-0 vote on Monday. The plan will make the project eligible for tax-increment financing totaling nearly $1.65 million over 15 years.

Developers have purchased the 5.5-acre property on Holbrook from the Plymouth-Canton Community Schools for $1.15 million, and developers plan to repurpose the 1927 school building into apartments while keeping many of its historic features intact, plus build 23 single-family houses on the site. Work should begin this spring, said Mark Menuck, one of the partners on the project.



…

For the entire article, see
http://www.hometownlife.com/story/news/local/plymouth/2016/03/22/school-restoration-plan-gets-brownfield-boost/82150932/

--

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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