  Urbanoutdoors Member Username: Urbanoutdoors Post Number: 672 Registered: 11-2005 |
http://www.crainsdetroit.com/a pps/pbcs.dll/article?AID=/2007 1224/SUB/712240335/-/-/brownfi eld-projects-win-tax-breaks Didn't see this posted yet THIS JUST IN Brownfield projects win tax breaks Several brownfield redevelopment projects in Detroit received tax incentives from the state last week, and more projects could be added with the extension and expansion of state brownfield legislation. Bills extending the program to Jan. 1, 2013, and making other changes passed the Legislature recently. Included in House Bills 4711-4712 and Senate Bills 534 and 539 are measures that allow more communities to use brownfield money for cleanups involving lead and asbestos, and increase the amount of money that can be used to cover local governments' brownfield program expenses. The Detroit projects receiving brownfield tax credits include: - A $10 million credit for Argonaut Campus Developer L.L.C. to transform the Argonaut Building donated by General Motors Corp. into a mixed-use building for art and design education for the College for Creative Studies. - A credit of $3.9 million to redevelop the former Herman Gardens Public Housing Project in west Detroit. The project by Norstar Development USA will create 186 rental units. - A $2.2 million credit to North Woodward Garden Block Development to renovate a block of Woodward Avenue between Mack and Warren avenues. - A $1.7 million credit to Piquette Square and Southwest Housing Solutions to redevelop a former Studebaker plant into mixed-use development. - A $1.5 million credit for Urban Development Co. L.L.C. to redevelop the former Globe Trading Building and Detroit Dry Docks Engine Works on Atwater Street into residential and commercial space. - A $1.3 million credit for FRBD L.L.C. to renovate the Federal Reserve Bank Building in Detroit into mixed-use space. — From staff reports ITC subsidiary buys Iowa company A subsidiary of Novi-based ITC Holdings Corp. last week completed its $783 million purchase of a transmission system serving Iowa, Minnesota, Missouri and Illinois. ITC Midwest L.L.C. closed the acquisition after clearing a final regulatory hurdle in Minnesota. The acquisition involves the transmission assets of Cedar Rapids, Iowa-based Interstate Power and Light Co., including about 6,800 miles of transmission lines, substations, and transmission land rights. — Amy Lane | ||
Cman710 Member Username: Cman710 Post Number: 400 Registered: 07-2006 |
"- A $1.7 million credit to Piquette Square and Southwest Housing Solutions to redevelop a former Studebaker plant into mixed-use development." Does anyone know if this refers to the Studebaker site near the Ford Piquette plant? I would guess so. Given the deadness of that immediate area, I am surprised (but happy) that a developer would pursue a development in that location. | ||
Thejesus Member Username: Thejesus Post Number: 3176 Registered: 06-2006 |
It was posted a couple weeks ago...not the same article but it lists all the same stuff as the Crain's article and more http://www.detroityes.com/0sea rchboth.htm | ||
Detroitnerd Member Username: Detroitnerd Post Number: 1730 Registered: 07-2004 |
There's nothing left of that Studebaker plant, and the way it's written it implies that there's something left to redevelop. Also, SWS usually works in southwest Detroit, and the Stud. plant that burned was in Milwaukee Junction. | ||
Spaceman_spiff Member Username: Spaceman_spiff Post Number: 103 Registered: 02-2006 |
Does anyone know who in Detroit provides the legal services necessary for brownfield remediation? Is it mostly the large firms or are there boutique firms in the city? -spiff | ||
Rb336 Member Username: Rb336 Post Number: 4278 Registered: 02-2007 |
the degc has info on that, I think. haven't been to their website lately tho | ||
Bjl7997 Member Username: Bjl7997 Post Number: 119 Registered: 03-2005 |
Whats going on with the Packard Plant??? | ||
D_mcc Member Username: D_mcc Post Number: 83 Registered: 12-2007 |
Brownfield projects also get LEED certification points, on top of the tax credits. |
