|From:||Lenny Siegel <firstname.lastname@example.org>|
|Date:||26 Jan 2007 17:26:25 -0000|
|Subject:||[CPEO-BIF] Northville Psychiatric Hospital, Northville, Michigan|
HIGHWOOD: No decision reached on brownfield redevelopment plan By Pam Fleming Northville Record (MI) January 25, 2007Northville Township Brownfield Redevelopment Authority members didn't come to any major decisions Monday night on Highwood, the former Northville Psychiatric Hospital property on Seven Mile Road.
But, they did agree to solicit bids for an environmental consulting firm to review Real Estate Interests Group's cleanup plans for the property.
The focus of the two-hour meeting was not to make a decision but to determine what it would take for the township to approve a brownfield redevelopment plan.
A brownfield redevelopment plan allows a municipality to pay back a developer for a cleanup project with the tax dollars captured after the land is developed.
The payback can be 100 percent of captured tax dollars until the developer is reimbursed or a percentage, such as 75 percent to the developer and 25 percent to the municipality.
The authority discussed at length the benefit of the township netting a portion of the captured tax revenue once the proposed retail-residential project is developed.
... For the entire article, see http://hometownlife.com/apps/pbcs.dll/article?AID=/20070125/BUSINESS/701250698/1079/NEWS12 -- Lenny Siegel Director, Center for Public Environmental Oversight c/o PSC, 278-A Hope St., Mountain View, CA 94041 Voice: 650/961-8918 or 650/969-1545 Fax: 650/961-8918 <email@example.com> http://www.cpeo.org _______________________________________________ Brownfields mailing list Brownfields@list.cpeo.org http://www.cpeo.org/mailman/listinfo/brownfields
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