EAST LANSING, MI-An office and retail development here and a tool and die company in Bridgman will benefit from tax credits recently approved by the state. The Michigan Economic Development Corp. has approved more than $1.4 million in state and local taxes to help prepare the brownfield site in East Lansing for redevelopment.

The project is expected to generate more than $7.8 million in private investment. Strathmore Development Co. will use the tax capture to help redevelop the property located at 1427 W. Saginaw into a two-story office building and one-story retail center. Known as “the Pointe,” the 2.7-acre site is located where Grand River and Saginaw intersect at the gateway to East Lansing.

“The MEDC and the city of East Lansing have bent over backwards to assist us in the development of an obsolete site that otherwise would have remained vacant and underutilized,” says Strathmore president Scott A. Chappelle. “The state of Michigan is serious about redeveloping contaminated and underutilized urban sites.”

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