[CPEO-BIF] "The Docks residential development on Muskegon Lake, " Michigan

[Lenny Siegel <lsiegel@cpeo.org>]

Tax capture to pay for site prep on The Docks residential development on Muskegon Lake

By Ben Solis 
MLIve (MI)
December 17, 2019

MUSKEGON, MI – At least $14 million of work to build a 240-home development near Muskegon Lake and Lake Michigan will be repaid to the developers using portions of their local taxes, according to an agreement with the city of Muskegon.

The developers behind the estimated $100 million upscale residential development known as The Docks will have some expenses reimbursed because the site is contaminated with high concentrations of chromium and lower concentrations of other metals, according to city documents.

A plan to pay back the developers for site prep using local tax increment financing was approved by the Muskegon City Commission on Tuesday, Dec. 10.


…

For the entire article, see
https://www.mlive.com/news/muskegon/2019/12/tax-capture-to-pay-for-site-prep-on-the-docks-residential-development-on-muskegon-lake.html

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Lenny Siegel
Executive Director
Center for Public Environmental Oversight
A project of the Pacific Studies Center
LSiegel@cpeo.org
P.O. Box 998, Mountain View, CA 94042
Voice/Fax: 650-961-8918
http://www.cpeo.org





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