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Commission authorizes development and reimbursement agreement for Muskegon Central Park housing TIF
Summary
The commission approved a Brownfield Development and Reimbursement Agreement for Muskegon Central Park LLC (Central Park Apartments), a 144-unit project on the former Muskegon General Hospital site that uses housing TIF provisions requiring state review.
The Muskegon City Commission voted Sept. 23 to approve a Brownfield Development and Reimbursement Agreement with Muskegon Central Park LLC for the Central Park Apartments project at the former Muskegon General Hospital site.
Jake Ekholm, director of development services, said the development and reimbursement agreement (DRA) sets the terms for tax-increment finance (TIF) capture and payment under…
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