The Center City District proposal has obtained first-level approval for a $55 million tax incentive from East Lansing, by far the biggest Tax Increment Financing (TIF) proposal we’ve seen. Now the decision moves to City Council.
Want to know what's being proposed for the Center City District project? Which businesses might stay, go, and come? How tall it will be and what it will offer? How you can weigh in? ELi has you covered.
A new $132 million Center City District redevelopment proposal is in the approval-process queue for East Lansing, putting it ahead of the Park District redevelopment proposal. For which has the mayor shown a preference? And could it mean the blight will be prolonged?
Convexity, the would-be developer for the blighted area of the Park District, has provided ELi a statement indicating dissatisfaction with the City’s handling of the proposal and negotiations. What's been going on?
Having obtained two key documents in the deal-making, ELi finds the City of East Lansing and the Park District developer appear far apart on a number of key issues in the proposal negotiations. But the parties are talking.