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Tax Credits Boost $6M in New Developments

LANSING, MI-The state has awarded three tax credits to separate projects in Lansing and Detroit. The largest is Nailah-Brush Park Mack Development, LLC's rehab of a brownfield site for 10 condominiums.

By Dan Heaton | Updated on March 11, 2004

LANSING, MI-The state has approved $647,000 worth of single business tax credits as it continues to approve a series of projects designed to redevelop Michigan brownfields. The state recently granted approval to the following projects, which it represents some $6.4 million in private development:

• Builders Plumbing and Heating Supply, Lansing will use a credit valued at $190,000 to partially demolish an existing structure and construct a 40,000-sf expansion near the intersection of Hosmer and Kalamazoo streets. The wholesale supplier of plumbing and heating products will invest $1.9 million in the project. The City of Lansing, through its brownfield redevelopment authority, also supported the project with tax increment financing valued at more than $212,552.

• Nailah, LLC, Detroit plans to transform four vacant, tax reverted parcels of land near the Detroit Institute of Arts into 10 condominium units using a $215,000 credit. The developer will invest more than $2.1 million in the project.

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