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Tax Break Tracker Individual Entry

Each individual entry is a single program reported by a single jurisdiction in a given fiscal year. Because we want to track the level and quality of disclosure as well as the content, the values below -- with the exception of program names -- are entered exactly as they are reported. See our user guide for more explanations.

Effected JurisdictionCity of Grand Rapids
Jurisdiction type: Municipality
Fiscal year ending In2023
Program nameBrownfield Redevelopment Program
Program purpose: Brownfield rehabilitation
Statutory authority: Public Act 381 of 1996, as amended; MCL 125.2651 et seq .
Abating jurisdiction(s): City of Grand Rapids
Applicable taxesReal Property Tax; Personal Property Tax
Method of abatement: Reimbursement
Provisions for recapture: If taxes are captured, and the terms and conditions of the Development and Reimbursement Agreement for the project are violated, the taxes may be returned to the taxing authorities that would otherwise have received the taxes.
Gross revenue loss: $2,290,800
Reimbursement / offset: $0
Net revenue loss: $2,290,800
Type of loss: Active
Additional notes on dislosure(none)
Document sourcehttps://www.grandrapidsmi.gov/Government/Departments/Office-of-the-City-...