LaFontaine Brownfield Plan Gets Final Approval

At its June 1, 2011 meeting, the Washtenaw County board of commissioners gave final approval to the brownfield plan for the LaFontaine Chevrolet redevelopment project in Dexter.

The LaFontaine brownfield plan would enable the use of up to $330,330 of tax increment financing (TIF) for four years to pay for cleanup work, including asbestos and lead abatement. Of that amount, $25,410 would support the county’s brownfield program management, and $50,820 would be deposited into the county’s Local Site Remediation Revolving Fund. The project is expected to retain 76 jobs and create 50 new ones, and to increase the annual tax revenues to the county from $4,516 to $11,119 after the TIF ends.

This brief was filed from the boardroom of the county administration building at 220 N. Main St. in Ann Arbor. A more detailed report will follow: [link]