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MegadealsSubsidy Tracker Individual Entry
Company: Urban Group Development Company
Parent Company:
Subsidy Source: state
Location: Michigan
City: Ann Arbor
Address: 618 S. Main St Ann Arbor
Zip: 48104
Project Description: CRP: 618 South Main, LLC was awarded a $3 million performance-based loan to redevelop a contaminated property into a 6 to 7 story residential building located at 618 S. Main, Ann Arbor. The building will include 150-170 residential units. The project is expected to create 6 full-time and 8 part-time jobs, with total capital investment of approximately $37 million. TIF: State and local tax capture valued at $2.88 million will help redevelop the property through demolition, lead and asbestos abatement, infrastructure improvements and site preparation.
Year: 2014
Subsidy Value: $2,208,130
Program Name: Brownfield TIF Local Mills
Awarding Agency: Michigan Economic Development Corporation
Type of Subsidy: tax increment financing
Number of Jobs or Training Slots: 6
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.