The project calls for redeveloping two abandoned industrial buildings, creating about 50 residential lofts and 20,000 sf of commercial space. Historical aspects of the buildingswill be preserved.
"Returning abandoned industrial sites to productive use lays the foundation for vibrant communities," Engler says. "The environmental and economic benefits of brownfield redevelopment are improving the quality of life in our urban areas. I am pleased that Detroit is taking advantage of this partnership with the state."
Three other properties are being redeveloped in conjunction with this grant-funded project. The estimated project cost is $15.7 million with a private investment of $1.45 million and the creation of 75 jobs.
The grant is funded by the Clean Michigan Initiative, a $675-million environmental bond proposed by Engler and overwhelmingly approved by voters in 1998. The Brownfield Redevelopment Program provides funding to local units of government for environmental response activities at contaminated properties where redevelopment is proposed.
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