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.
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.
Results of a new Freedom of Information Act request show that the City of East Lansing withheld key data on the Center City District proposal for over three months. Mayor Mark Meadows tells ELi, "There is no hidden staff agenda or suppression of information involved here.”
City Council held public hearings on the Center City District site plan and tax plan last night, although no current plans were available. Council voted to do it all again in June. Here's what we've learned.
The Avondale Square project happened because City leaders were convinced they should spend taxpayer money on "needed" housing types. The project wasn't supposed to end up costing taxpayers over $5 million.
Using the Freedom of Information Act, ELi has learned that East Lansing’s tax assessor believes the Center City District redevelopment will be worth far less than the developer has assumed, calling into question the financial viability of the project.
City Council is set to take up the controversial Center City District site plan and $55 million TIF plan this Tuesday. The project calls for private development on public land. The developers have announced they will reveal the latest version of the proposal the day before.
With City Council set to make possible decisions on the Center City redevelopment proposal next Tuesday, the City Attorney tells ELi the deal doesn't have to be run past East Lansing voters for approval. ELi examines what we know about the deal and the City Charter, and finds the situation complicated.
With Jill Feldpausch formally stepping into the role, East Lansing has filled the position of Finance Director. Facing big financial challenges, City leaders tell ELi's Jessy Gregg they're thrilled Feldpausch has agreed to be our Chief Financial Officer.