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$5M Targeted to Help Brownfield Redevelopment

FLINT, MI-A new land bank authority has been established to speed redevelopment projects involving 600 properties in the Flint and Mount Morris Township areas.

By Dan Heaton | Updated on January 21, 2005

FLINT, MI-More than 600 brownfield sites in Genesee County communities will be cleaned up and prepared for redevelopment, using $4.9 million in brownfield tax capture.The Genesee County brownfield redevelopment project is the first under legislation approved by the Michigan legislature in 2004.

The new statutes allow for innovative approaches by local governments to deal with blighted tax-reverted properties. The Genesee County Fast Track Land Bank Authority will act as the developer of the properties, which are mostly located in the city of Flint and Mount Morris Township. It will use the funding for lead and asbestos abatement, demolition and title clearance to prepare the land for redevelopment.

“Brownfields often sit idle for years because of the high cost of redeveloping them,” says Don Jakeway, president and chief executive officer of the Michigan Economic Development Corp., which had to approve of the new land bank authority. “This progressive move by county leaders to turn problem properties into usable sites will make new economic development and job creation possible for years to come.”

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