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Commission creates NEZ district at 1937 Lakeshore Drive to support condominium project
Summary
The commission approved a Neighborhood Enterprise Zone (NEZ) district at 1937 Lakeshore Drive, allowing eligible owners to apply for NEZ tax certificates for new or rehabilitated residential units; staff said the city remains under the 15% land cap and the rezoning resolution will return April 14 for final consideration.
The City of Muskegon on March 10 voted to create a Neighborhood Enterprise Zone district at 1937 Lakeshore Drive to facilitate the developer's planned condominium redevelopment. Isabella Gonzalez, development analyst, told the commission the NEZ designation allows eligible property owners to apply for certificates that reduce residential property tax…
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