Redevelopment Project Approved for Abandoned Vicksburg Mill
via – WWMT
An abandoned historic paper mill in Vicksburg is expected see some major changes. Village leaders said they expect a recently announced redevelopment project to create hundred of jobs.
The Michigan Economic Development Corporation (MEDC) announced Tuesday, July 23 that the mill will transform into a mixed-use development.
The entire project is expected to generate a total private investment of nearly $80 million and create 221 permanent, full-time equivalent jobs.
The Michigan Strategic Fund (MSF) approved a the Transformational Brownfield Plan that authorizes several sources of tax capture in support of the project. The entire package is valued at $30 million.