Thursday, January 12, 2006

Spring Lake, MI gets $260,000 for brownfield development

The Michigan DEQ announced today that the Village of Spring Lake in Ottawa County has been awarded a $90,000 Brownfield Redevelopment Grant and a $170,000 Brownfield Redevelopment Loan to address concerns at the former Miller-Smith Plating property. Brownfield properties are vacant or abandoned properties with known environmental contamination.

The Mill Point Station Project in Spring Lake will return a contaminated and abandoned industrial facility and an adjacent contaminated and abandoned parcel to productive use. The funding will be used to conduct an environmental assessment on the 2.84-acre project area, demolish existing buildings, and start the clean-up.

Investments of at least $4,200,000 in private funds are needed for acquisition of the property, construction, and furnishings required for new development to include professional and commercial area with a proposed bank, restaurant, and retail and office space. The Village of Spring Lake anticipates the development will bring 20 permanent new jobs to the community.

Michigan's Brownfield Redevelopment Grant and Loan Program began in 1988 and has provided over $121 million for 296 projects statewide.

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