Tax Credits Boost $6M in New Developments

• Builders Plumbing and Heating Supply, Lansing will use a credit valued at $190,000 to partially demolish an existing structure and construct a 40,000-sf expansion near the intersection of Hosmer and Kalamazoo streets. The wholesale supplier of plumbing and heating products will invest $1.9 million in the project. The City of Lansing, through its brownfield redevelopment authority, also supported the project with tax increment financing valued at more than $212,552.

• Nailah, LLC, Detroit plans to transform four vacant, tax reverted parcels of land near the Detroit Institute of Arts into 10 condominium units using a $215,000 credit. The developer will invest more than $2.1 million in the project.

• Nailah-Brush Park Mack Development, LLC, Detroit, plans to invest more than $2.4 million to rehabilitate a brownfield site located on Mack Avenue across from the Detroit Medical Center for redevelopment into condominium units. A credit valued at $241,958 will help facilitate the project.

"Brownfield credits help communities close the cost gap between developing green space and the expense of redeveloping a brownfield," says Michigan Economic Development Corp. president and chief executive officer Don Jakeway. "Making sure the most highly qualified projects have access to this tool is important to the ongoing success of redevelopment in communities across the state."