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Developers outline 63-unit Folker (Orin) building plan; consultants explain housing TIF process
Summary
Garden City — Consultants and the owner outlined plans to combine five parcels at the Orin (Folker) site for a four‑story, 63‑unit apartment building with an estimated $22 million private investment.
Garden City — Consultants and the property owner provided an information presentation Monday on a proposed brownfield redevelopment at the Orin (referred to in materials as the Folker) building, outlining a planned four‑story apartment project that would combine five parcels, replace three existing structures and add an estimated 63 dwelling units.
Kirk Perschbacher, a senior brownfield specialist with Fishbeck, told the council the developer is planning a four‑story mixed building that would include a mix of studios and one‑ and two‑bedroom apartments. “The total investment right now that the developer is looking at is kind of in the $22,000,000 range,” Perschbacher said during his presentation.
Perschbacher described how Michigan brownfield incentives and a housing-focused Tax Increment Financing (TIF) program could fill financing gaps…
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