With East Lansing's City Council likely to vote on the Center City District proposal on Tuesday, the newly-released draft development agreement between the City and Harbor Bay raises significant questions.
Lead developer for the Center City District project, Mark Bell of Harbor Bay Real Estate, tells ELi today, “Let me please be very clear, I am making no representations that should be mistaken as facts.”
Council has put its final stamp of approval on the Park District proposal. If the state approves the $10 million tax credit for the project next month, demolition could start in August, with the blighted buildings gone by early fall.
What kinds of protections are built in for the City of East Lansing in the the Development Agreement with DRW/Convexity, the would-be developer of the blighted Park District? We explain in advance of next Tuesday's City Council vote on the agreement.
The East Lansing Brownfield Redevelopment Authority (BRA) has approved a revised tax increment financing (TIF) plan of $56 million for the proposed Center City District redevelopment. ELi's Chris Root reports.