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Owosso land bank, grants moving forward on Exchange Street project; Cedar Street building slated for demolition
Summary
Shiawassee Economic Development Partnership (SEDP) and city staff updated the council on land-bank activity, including grant-backed work on an Exchange Street building and potential assessment funding to lure a developer to the Bradley/Vanguard site; a structurally unsafe Cedar Street building remains closed and owner is pursuing demolition.
City economic-development staff and contractor partners told the Owosso City Council they are using state and federal grant dollars to address blight and support redevelopment projects, including a funded repair plan for a building on Exchange Street and work to clear hazardous structures.
Justin Horvath of the Shiawassee Economic Development Partnership said the SEDP, as contracted land-bank staff, has dedicated about $180,000 in grant dollars to support work on the Exchange Street property; three bids for that work were submitted and were to be opened later in the week. Horvath said those funds are grant returns from the state land-bank…
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