TIFs

Michigan legislature proposes improvements to Brownfields TIF program

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The former Michigan Bell and Western Electric Warehouse is being rennovated to become a home for the Neighborhood Service Organization and 155 housing units for homeless individuals. The project is made possible by federal and state historic tax credits, federal brownfields tax credits and a 10-year tax abatement from the City of Detroit. Photo copyright by Michael G. Smith. Used with permission.

New legislation moving through the Michigan State Senate could make it easier for developers to clean up and rebuild on brownfields in the state.

Michigan’s Senate Bill 1210, an amendment to the state’s Brownfield Redevelopment Financing Act (Act 381), is likely to see significant changes this year. If enacted, the bill would promote urban development throughout the state, reduce regulatory requirements, streamline the approval process. Here’s an overview of how.

LOCUS

Striving for transit-friendly communities in the Puget Sound region

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“Seattle Streetcar,” by Flickr user Sean Marshall.

For those not familiar, they could be forgiven for mistaking the opening speaker at this month’s Transit Financing Workshop in Seattle for an ardent smart growth advocate. And in many ways he is. He just also happens to be the Mayor of Seattle.

Mayor Michael McGinn’s comments about the critical role walkable neighborhoods and transit play in economic development set the stage for a day-long event about transit-oriented development in the Puget Sound region on October 4, 2012. Sponsored by Transportation for America, LOCUS Washington, the Transportation Choices Coalition, ULI Northwest and the Quality Growth Alliance, the event brought together leaders from the business, real estate, advocacy, and government sectors to discuss transit, transit-finance, and how the Seattle region can better position itself for future growth.

LOCUS