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Council briefed on proposed US‑23 corridor authority to help finance Gardens of Alpena senior housing
Summary
City staff and consultants outlined a plan to form a Corridor Improvement Authority (CIA) to capture future local property‑tax growth to help finance a proposed Gardens of Alpena senior‑housing project; consultants and the developer said the project likely requires TIF support and a revised revenue‑share of 90/10.
City officials and consultants updated the Alpena City Council on Jan. 21 about a proposed US‑23 Corridor Improvement Authority that would capture future local property‑tax growth to help finance the Gardens of Alpena, a planned independent/assisted living and memory‑care development north of town. The council received and filed the update.
The Gardens of Alpena developers hold a purchase agreement for roughly 10 acres of city‑owned property along US‑23 and have proposed an independent living component of about 68 units plus roughly 30 assisted‑living and 30 memory‑care units. Consultant Mac McClelland described the project as “a large investment and significant job creation” and told the council that, because construction costs and interest rates increased, “the project really can’t proceed without some sort of community financial support.”
McClelland said the city is pursuing a corridor improvement authority…
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