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MegadealsSubsidy Tracker Individual Entry
Company: Harbortown Riverside, LLC
Parent Company:
Subsidy Source: state
Location: Michigan
City: Detroit
Address: 250 East Harbortown Drive Detroit
Zip: 48207
Project Description: CRP: Harbortown Riverside, LLC and Harbortown Riverside Financing, Inc. were awarded a $1 million performance-based grant to construct a five-story, riverfront residential apartment building located at 250 East Harbortown Drive, Detroit. The building will include 134 rental units. The project is expected to creat three full-time and nine part-time jobs, with total capital investment of aproximately $19,936,653. TIF: State and local tax capture valued at $2.99 million will help redevelop 4.6 acres of property located at 250 East Harbortown Drive in the City of Detroit. The project involves demolition and site preparation costs for the construction of a riverfront residential apartment building with 135 residential units. The project is expected to generate $18 million in new investment and is expected to create 10 permanent full-time jobs. TIF: State and local tax capture valued at $2.99 million will help redevelop 4.6 acres of property located at 250 East Harbortown Drive in the City of Detroit. The project involves demolition and site preparation costs for the construction of a riverfront residential apartment building with 135 residential units. The project is expected to generate $18 million in new investment and is expected to create 10 permanent full-time jobs.
Year: 2014
Subsidy Value: $1,803,610
Program Name: Brownfield TIF Local Mills
Awarding Agency: Michigan Economic Development Corporation
Type of Subsidy: tax increment financing
Number of Jobs or Training Slots: 3
Source of Data:
(click here)
Notes: Year is fiscal year. Jobs is sum of new and retained positions.
Source Notes: If an online information source is not working, check the Tracker
inventory page for an updated link.