[CPEO-BIF] Richards Auto Parts, St. Clair Shores, Michigan

[Lenny Siegel]

Flagstar plans brownfield project for vacant site

Edward L. Cardenas
The Detroit News (MI)
September 18, 2006

ST. CLAIR SHORES -- A vacant automotive parts shop on the northeast 
corner of Nine Mile and Harper may become the city's first brownfield 
redevelopment project under a proposal the City Council will consider 
tonight.

Flagstar Bank is proposing to construct a new building on the site of 
the former Richards Auto Parts. The bank has purchased the building and 
submitted redevelopment site plans for the property, according to Liz 
Koto, St. Clair Shores city planner.

When the environmental study of the site was conducted, it showed 
contamination of the soil. Flagstar has applied to the city for 
financial help in cleaning up the property.

The estimated cost of the environmental cleanup is $168,000. Flagstar is 
eligible to be reimbursed up to $100,000 through the state brownfield 
program. Under the program, a portion of property tax revenue generated 
by the development would be used to reimburse the bank for the cleanup.

...

For the entire article, see
http://www.detnews.com/apps/pbcs.dll/article?AID=/20060918/METRO03/609180326/1001/BIZ
-- 
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
http://www.cpeo.org