The Brownfield Redevelopment Authority helps revitalize contaminated or blighted properties in the city. Projects that are included in a Brownfield Plan can utilize tax increment financing (TIF) to offset the costs of cleaning up the property and returning it to a productive use. To qualify for incentives, a project must create new job opportunities or provide a clear community benefit. Brownfield Incentives Include:
Tax Increment Financing: a portion of the additional property taxes collected after a property is redeveloped can be reimbursed to cover qualifying expenses.
State of Michigan EGLE Grants and Loans: the City can help qualifying projects access competitive grants and loans to address contaminated soils and other brownfield expenses.
Property Purchase Discount: there are property purchase discounts for properties owned by the Brownfield Redevelopment Authority (BRA) for projects that create new affordable housing.
To be included in a Brownfield Plan, a project must be approved by the Brownfield Redevelopment Authority Board and the City Commission.