Excavation underway for the new “flatiron-style” building at 544 Detroit. Strong smell of gas as dirt is removed from the former gas station site. [photo]
Detroit & N. Division
» Want more items like this one? Visit the Stopped. Watched. page.
Excavation underway for the new “flatiron-style” building at 544 Detroit. Strong smell of gas as dirt is removed from the former gas station site. [photo]
» Want more items like this one? Visit the Stopped. Watched. page.
Is this site receiving a brownfield tax credit?
Re. “Is this site receiving a brownfield tax credit?”
Yes.
The Washtenaw County board of commissioners approved the brownfield redevelopment plan a year ago – in July 2013. It allows up to $698,773 of local and state taxes to be captured for eligible activities, administrative costs, and the Washtenaw County brownfield redevelopment authority local site remediation revolving fund over an estimated 25-year period. [.pdf of 544 Detroit St. brownfield plan]
Thanks for the pointer.
Sounds like a textbook use case for Brownfield Tax Credits and a nice addition to the city.