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Council approves brownfield TIF for 123 Washington after debate over incentive length and affordability
Summary
After debate over incentive length, affordable-unit levels and preservation commitments, the Grand Haven City Council approved a brownfield plan for the 123 Washington redevelopment that trims the developer’s reimbursement period and requires future development-agreement safeguards.
The Grand Haven City Council voted 3–2 on April 27 to approve a brownfield tax-increment financing (TIF) plan for the Washington 123 LLC redevelopment at 123 Washington Avenue, clearing the way for renovation of a mid-century building and associated remediation work.
City staff told the council the developer dropped an obsolete property rehabilitation abatement (OPRA) request and now seeks TIF reimbursement for eligible remediation and construction costs; staff said that change reduced the developer’s expected reimbursement period to about 19 years while the brownfield plan itself covers 25 years because reimbursement does not begin until 2027. ‘‘The reimbursement period will drop to 19 years or sooner, depending on the total cost of eligible activities being…
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