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MegadealsSubsidy Tracker Individual Entry
Company: Waters Building LLC
Parent Company:
Subsidy Source: state
Location: Michigan
City: Grand Rapids
Address: 161 Ottawa NW Grand Rapids
Zip: 49503
Project Description: The project involves a complete overhaul of the existing 117-year-old structure into a mixed-use building that will include office, retail, residential and hotel space. The tax increment revenue will be used for selective demolition, lead and asbestos abatement, site preparation and infrastructure improvements. The project will generate a total capital investment of $33.4 million and create 30 jobs. The Grand Rapids Downtown Development Authority has pledged up to $1,481,127 in local site remediation revolving loan fund and $70,000 in grants for access and streetscape improvements.
Year: 2015
Subsidy Value: $2,212,635
Program Name: Brownfield TIF Local Mills
Awarding Agency: Michigan Economic Development Corporation
Type of Subsidy: tax increment financing
Number of Jobs or Training Slots: 30
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.