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Council directs agreement for Brownfield loan to help redevelop former Plaza Hotel at 16400 J.L. Hudson Drive
Summary
City council voted to direct the city attorney to prepare an agreement for a Brownfield redevelopment plan and local revolving fund loan to support renovation of the former Plaza Hotel, purchased by Southfield Renewal Corporation, with a Downtown Development Authority letter of support.
Southfield City Council on May 12 authorized the city attorney to prepare an agreement with the developer, Southfield Renewal Corporation, to advance a Brownfield redevelopment plan and request for a loan from the city’s local Brownfield Revolving Fund for the former Plaza Hotel at 16400 J.L. Hudson Drive.
Molly Malone, executive director of the Southfield Downtown Development Authority, told the council the nonprofit purchaser…
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