2007 CPEO Brownfields List Archive

From: "Robert Hersh" <b_hersh@verizon.net>
Date: 26 Nov 2007 13:25:25 -0000
Reply: cpeo-brownfields
Subject: [CPEO-BIF] Wyoming (MI) -- Brownfield tax incentives targeted to contaminated farmland
 
Letter coincides with Cabela's tax talk delay

Chronicle News Service
Saturday November 24, 2007

WYOMING, MI -- When the chairman of the Kent County Board of Commissioners
sends a memo, people react. At least, that's how it seemed this week when
the Wyoming City Council pulled from its agenda an item related to tax
incentives for a Cabela's development in Walker.

...Still, a letter sent this week by Roger Morgan as part of a council
hearing expresses the county's concern about a proposed amendment to
Wyoming's Brownfield plan. The city this summer struck a deal with Walker to
put 302 acres at Int. 96 and Walker Avenue NW temporarily under Wyoming's
jurisdiction to leverage special tax financing.

,,,The plan would redirect more than $100 million in local, school and state
taxes to fund cleanup and redevelopment of the former apple orchard.

"What is not at all clear to me is, what benefit will be derived by the
residents of Kent County as a return on investment for the ... property tax
levies to be diverted to underwriting developer costs for this project?"
Morgan wrote.

For the entire article, see:
http://www.mlive.com/business/index.ssf/2007/11/24/

Bob Hersh
CPEO

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