|From:||Lenny Siegel <email@example.com>|
|Date:||Tue, 20 May 2008 16:32:09 -0700 (PDT)|
|Subject:||[CPEO-BIF] Michigan projects approved|
Development at ex-Kmart HQ gets tax breaks By JOHN GALLAGHER DETROIT FREE PRESS May 20, 2008The proposed Pavilions of Troy mixed-use retail and residential project got a boost today when the State of Michigan approved tax incentives for the project.
In addition, the state approved brownfield tax credits for two projects in Detroit. One would create a 90,000-square-foot shopping center near Warren and Livernois. The other would create a 10,000-square foot commercial-retail building near Cass and Warren on the former site of a gas station near Wayne State University.
...The most visible of the various projects is the one in Troy, where the Pavilions project is slated to rise on the site of the former Kmart headquarters on Big Beaver Road. Under the approval announced Tuesday, the City of Troy will use state and local tax incentives worth $13.2 million to support the new $320-million Pavilions project on the 40-acre Kmart site.
... For the entire article, see http://www.freep.com/apps/pbcs.dll/article?AID=/20080520/BUSINESS06/80520070/1019 See also Tax credits, brownfield approved for 3 Oakland projects by Sven Gustafson Oakland Business Review (MI) May 20, 2008Three projects in Oakland County, including the redevelopment of the former Kmart Corp. headquarters in Troy, will move forward after a state panel on Tuesday approved tax incentives and brownfield redevelopment plans.
The projects are expected to create more than 1,000 jobs combined and generate more than $334 million in investment.
... For the entire article, see http://www.mlive.com/business/index.ssf/2008/05/tax_credits_brownfield_approve.html -- Lenny Siegel Executive Director, Center for Public Environmental Oversight a project of the Pacific Studies Center 278-A Hope St., Mountain View, CA 94041 Voice: 650/961-8918 or 650/969-1545 Fax: 650/961-8918 <firstname.lastname@example.org> http://www.cpeo.org _______________________________________________ Brownfields mailing list Brownfields@lists.cpeo.org http://lists.cpeo.org/listinfo.cgi/brownfields-cpeo.org
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