Print Friendly and PDF

Legislative Update: Brownfield Bills Will Spur Region’s Transformational Development Projects, Attract Talent

Earlier this week, the Michigan Senate approved legislation to expand the state’s Brownfield TIF Act (Senate Bills 111-115) to provide gap financing for large, transformational projects. Michigan’s growth and prosperity depends on attracting and retaining talent who seek vibrant urban places to live and work.  Development projects in our urban cores continue to face significant economic gaps, as market rents fail to support major ground-up construction or rehabilitation of large, distressed historic structures.

Passing this critical legislation will unlock billions in new investment in every corner of the state, including potential projects such as Arcadia Commons West in Kalamazoo, the Grand River Rapids Restoration project in Grand Rapids, and the Silverdome in Pontiac.

The Detroit Regional Chamber’s advocacy team continues to actively engage lawmakers on this issue and serves as a leading member of the MI Thrive coalition, supporting this key component of the region and state’s continued revitalization. The coalition consists of 40 community and economic development leaders and chambers of commerce across the state.