The MEDC approved a local and state tax capture that will help facilitate the development to 200 Albert Avenue in East Lansing
according to this article at MLive.com:
Quote:
|
# City of East Lansing – State and local tax capture valued at $3 million will support a brownfield project to demolish two functionally obsolete, single-use two-story structures and construct an eight-story mixed-use building on the property located at 211 Albert Avenue. The project is expected to generate up to $9.7 million in new private investment and create up to 45 new jobs.
|
The 8-story building will include 49 loft-style apartments on the top seven floors, and construction is set to begin in May.