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Vicksburg Redevelopment Seeks Transformational Brownfield Incentive

Vicksburg Redevelopment Seeks Transformational Brownfield Incentive

Mar, 17 2019

via – mibiz.com

A proposed large-scale redevelopment in Southwest Michigan is angling to be the second project in the state to use a new funding tool.

Paper City Development LLC is hopeful its proposal will meet the Michigan Strategic Fund’s criteria to use the state’s transformational brownfield program, an incentive first enacted in 2017.

The developers are preparing to submit a 190-page transformational brownfield plan detailing an ambitious $80 million undertaking to rehabilitate the former Lee Paper Mill site, which has sat dormant for about two decades in Vicksburg, a village of 3,400 people that’s located about 15 miles south of Kalamazoo.

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