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MEDC Helps Grand Rapids Revitalize

GRAND RAPIDS, MI-A 114-acre area of older buildings, including the Grand Rapids Press' operations, will receive aid from the Michigan Economic Development Corp. for cleanup and new construction.

By Robert Carr | Updated on July 19, 2001

GRAND RAPIDS, MI-The Michigan Economic Development Corp. will assist the city in revitalizing its Monroe North Business District, a 114-acre area of primarily older industrial buildings. The revitalization will include the acquisition of valuable property along the waterfront, removal of an old railroad line and the construction of a 718-space parking deck.

Also, the revitalization will assist Grand Rapids Press’ plans to modernize its facility and forego its current free parking and participate in the new deck.

A brownfield Single Business Tax credit will aid the Grand Rapids Press with refurbishment and expansion of the facility as well as replacement of obsolete equipment. The $78.8-million project includes the demolition of a portion of the existing building, purchase and installation new equipment and machinery.

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