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Incentives Trigger Grocery Store Plan for Detroit

  • Who:
  • Lormax Stern Development, Detroit
  • Industry:
  • Retail
  • Area of Law:
  • Economic Incentives
  • Results:
  • $9.8 million in incentives (brownfield MBT and TIF)

In 2010, Lormax Stern agreed to purchase a 25-acre former school property, vacant for the past five years, from the city of Detroit, and sought incentives as a way to encourage new development on the city’s west side. The Meijer grocery store chain purchased the site in 2012 with plans to raze the school and built a grocery store in this urban setting in 2015. The project was estimated at $33 million and has created hundreds of jobs.

How We Helped

Despite myriad players in this project—the state, city, county and others—we secured a $3.3 million brownfield Michigan Business Tax (MBT) credit and $6.5 million in brownfield Tax Increment Financing (TIF) incentives in a relatively short period of time. We credit our relationship with Detroit officials, state officials and the Michigan Economic Development Corp. (MEDC) for our success.

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