Chelsea Milling Brownfield Plan OK’d
At its Nov. 6, 2013 meeting, the Washtenaw County board of commissioners gave final approval to a brownfield plan by the Chelsea Milling Co., makers of Jiffy Mix. Initial approval had been given on Oct. 16, 2013. [.pdf of brownfield plan]
The plan relates to a renovation of an abandoned 77,700-square-foot warehouse at 140 Buchanan in the city of Chelsea. The company plans to invest more than $4 million in the project, according to a staff memo that accompanied the Oct. 16 resolution.
Brownfield status allows the company to be reimbursed for up to $376,805 in eligible activities through tax increment financing (TIF). The total amount to be captured through TIF over 16 years is $580,677, which includes fees … [Full Story]