Grant funds will be used for the Mercato Phase, which is four floors of small retail shops, commercial and professional offices, and residential units in Building 50. A brownfield redevelopment grant was awarded for another part of the development in 2003 and a restaurant at the site opened in 2004.
"This money will provide crucial funding to clean up and convert vacant and blighted buildings into attractive, productive properties," says Gov. Jennifer Granholm. "We want to provide Michigan cities with as many tools as possible to make their communities places where people are eager to work, recreate, and raise families."
The money will be used to remove asbestos and lead paint-contaminated waste materials from Building 50 and the steam tunnels below the grounds, and for other measures to prevent exposure to hazardous materials at the former Traverse City State Hospital campus.
"The Grand Traverse Commons Project is a true brownfield redevelopment success story," says DEQ director Steven E. Chester. "The project is further proof that we can have both sensible environmental protection and economic development."
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