At a four-hour special meeting of the East Lansing City Council this Saturday morning, January 9, the Council began a discussion with City staff of strategic priorities for the City. We will have a separate report on this discussion when the slide presentations by staff are posted on the City’s Granicus system.
East Lansing’s City Council heard from City staff last night about various options for dealing with the City-owned parking garage and land under the Marriott Hotel downtown. Investors have expressed some interest in purchasing the garage and/or the land under the whole “University Place” complex, a parking garage and land which the City currently owns.
At this Tuesday’s work session of Council, the City’s Finance Director Mary Haskell will present the Fiscal Year 2015 audit, and according to a memo from Haskell attached to Tuesday’s agenda, our pension debt combined with new accounting standards are going to “change the [City’s] financial position presented on the Government-Wide, full accrual, statements dramatically.” Says Haskell in h
Above: Photo of Albert Place Condos when they were being built on the site of a planned project whose TIF plan was earlier rejected by the State.
Some residents are wondering if all requests from developers for tax increment financing (TIF) in East Lansing are ultimately approved. There has been at least one plan rejected in the recent past, as explained below.
Above: Mayor Nathan Triplett and Councilmember Ruth Beier
Running for re-election to East Lansing's City Council, Mayor Nathan Triplett has been emphasizing success at reducing the City’s debt since he joined Council. In his most recent campaign letter, Triplett says, “During my time on Council, we’ve reduced our city’s debt by nearly 30%.”
Photo: Recent groundbreaking ceremony for the project now called “300 Grand,” formerly known as “The Gateway.” In the photo, members of the DDA/BRA, which approved a $1.9 million TIF for this project, include DTN’s Colin Cronin (third from left) and Mayor Nathan Triplett (second from right).