[CPEO-BIF] Petoskey Pointe (MI) tax credit debate

[Lenny Siegel]

[I expect this issue to come up more and more: Are Brownfields subsidies 
for development in general, or are they targeted at properties with 
significant environmentally impairments? - LS]


Allen supports review of $4.5 million tax credit request

By CRAIG McCOOL
Traverse City Record Eagle (MI)
October 8, 2006


PETOSKEY — A state lawmaker said he is "very concerned" that developers 
behind a downtown project cited inaccurate information on an application 
worth millions in brownfield tax credits.

Sen. Jason Allen, R-Traverse City, supports a complete review of 
Petoskey Pointe developers' application for a $4.5 million tax credit, 
awarded in June by the Michigan Economic Development Corporation.

"Clearly, it's an oversight issue between the (Department of 
Environmental Quality) and the MEDC. I think it's appropriate for them 
to take full review of the problems that are going on," Allen said.

...

For the entire article, see
http://www.record-eagle.com/2006/oct/08pointe.htm

-- 


Lenny Siegel
Director, Center for Public Environmental Oversight
c/o PSC, 278-A Hope St., Mountain View, CA 94041
Voice: 650/961-8918 or 650/969-1545
Fax: 650/961-8918
<lsiegel at cpeo.org>
http://www.cpeo.org