[CPEO-BIF] "AMC Headquarters redevelopment advances with brownfield plan approval, " Detroit, Michigan

[Lenny Siegel]

AMC Headquarters redevelopment advances with brownfield plan approval

By Candice Williams
Detroit News (MI)
June 21, 2022

Plans to demolish the former AMC Headquarters site on Detroit's west side moved forward Tuesday as the Detroit City Council approved a brownfield plan for the site's redevelopment.

The site’s owner, Missouri-based NorthPoint Development, requested $32.6 million in tax increment financing for demolition and environmental remediation of the 50-acre site at 14250 Plymouth Road.

According to the redevelopment plan, the Missouri-based developer will invest $71 million to redevelop the site to build one or two buildings for warehouse and light assembly tenants. The hard costs are estimated to be $66 million.

…

For the entire article, see
https://www.detroitnews.com/story/business/2022/06/21/amc-headquarters-redevelopment-advances-brownfield-plan-approval/7688064001/

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Lenny Siegel
Executive Director
Center for Public Environmental Oversight
A project of the Pacific Studies Center
LSiegel at cpeo.org
P.O. Box 998, Mountain View, CA 94042
Voice/Fax: 650-961-8918
http://www.cpeo.org
Author: DISTURBING THE WAR: The Inside Story of the Movement to Get Stanford University out of Southeast Asia - 1965–1975 (See http://a3mreunion.org)