A Detroit development is likely to get a more than two-year extension on a brownfield tax credit award of nearly $9 million courtesy of state lawmakers. The legislative lifeline for $377 million The Mid project incentive comes in the form of Senate Bill 437, sponsored by Sen. Wayne Schmidt, R…
Michigan lawmakers may give The Mid developers a lifeline on brownfield tax credit
Michigan lawmakers may give The Mid developers a lifeline on brownfield tax credit
Lawmakers weigh whether to give The Mid developer until September 2023 to build part of project
At stake is nearly $9 million in brownfield tax credits developer said is needed, or else project dies
Proposal moved out of the House Tax Policy Committee on Wednesday, awaits House vote
Kirk Pinho/Crain s Detroit Business
The development known as The Mid north of the Midtown Whole Foods is seeking a more than two-year extension on its Michigan Business Tax brownfield tax credit deadline.