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Holland council approves brownfield plan amendment for large mixed‑use Magnus Capital development
Summary
Council approved a 30‑year brownfield plan amendment for a 202‑unit mixed‑use Magnus Capital development after city staff said contaminated soils required about $792,605 in eligible remediation costs; the plan will capture ad valorem commercial taxes to cover eligible costs and retain a $150,000 administrative fee for the city.
HOLLAND, Mich. — The Holland City Council on March 19 approved a brownfield plan amendment for a mixed‑use housing project developed by 24 East Limited Dividend Housing Association Limited Partnership (Magnus Capital) at 717 East 20 Fourth Street.
Community and Neighborhood Services Director Mark Myers said the project is a roughly 202‑unit development with about 13,000 square feet of commercial space. He said the majority of the residential units will be affordable and targeted to…
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