Munising redevelopment faces financing gap after MEDC limits support
Developers said MEDC will not fund components beyond a transformational brownfield plan, leaving a pro forma shortfall the team must fill through other state programs, a tribal partner or political advocacy.
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Developers leading a planned mixed-use project in Munising told an advisory meeting that the state economic development agency declined to offer resources beyond the transformational brownfield plan, creating a financing shortfall the team must now close.
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