Brownfield Redevelopment of Capital City Market in Lansing, Michigan
Located along Michigan Avenue in Downtown Lansing sat a once underutilized site – the home of a now long-awaited redevelopment.
PM Environmental (PM) was brought in to perform the site’s initial environmental due diligence services, and as the environmental needs increased, so did PM’s involvement. Discovering historic underground storage tanks (USTs), PM aided the developer in the registration of USTs to the Michigan Underground Storage Tank Authority (MUSTA) program to obtain funding to assist in remediation activities.
With PM’s assistance, the developers secured approximately $10.1 million in Brownfield Tax Increment Financing (TIF), an estimated $2.25 million in grant and loan funding from the Michigan Department of Environment, Great Lakes, and Energy (EGLE), and a $1.5 million grant from the Michigan Economic Development Corporation (MEDC) Community Revitalization Program (CRP).
The four-acre site is now a four-story mixed-use building consisting of a Meijer-operated urban market, hotel, and apartments.
- Project approved for approximately $10.1 million in Brownfield TIF
- $2.25 million in grant and loan funding from EGLE and a $1.5 million grant from MEDC CRP
- $41.5 million developer investment, project site will be transformed into a four-story mixed used building consisting of an urban market, hotel, and apartments
The project has provided access to healthy food options to the surrounding communication which was previous identified as a low-access, low-income neighborhood by the USDA.
- Phase I & II ESAs
- Due Care Activities
- Asbestos Containing Materials Survey/Abatement
- Demolition Activities
- Financial Incentives Consulting
- Preparation of a Brownfield Plan
For any questions on how PM can help you on your next project, contact us at pmenv.com/contact.