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Committee advances Old Saint Jean tax‑abatement request to formal review
Summary
The Planning and Economic Development Committee moved line item 8 — an industrial facilities exemption certificate request from Old Saint Jean Properties for 521 Old Saint Jean — to formal with a recommendation to approve after presentations from staff and the developer and a short public comment period.
The committee advanced a request from Old Saint Jean Properties LLC for an industrial facilities exemption certificate for 521 Old Saint Jean in Detroit, voting to send the item to formal with a recommendation to approve after staff and developer presentations and public comment.
Justice Cook of the Housing and Revitalization Department and Alton Williams of DEGC presented underwriting and fiscal impacts for the proposed project, describing a roughly $2.49 million rehabilitation of a vacant manufacturing facility into about 37,000 square feet of manufacturing, office and storage space. Williams said the assessor confirmed the project meets eligibility requirements and staff recommended a 12‑year certificate. “This abatement…
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