Posted by Staff Writer on 9/12/2017 to Real Estate
IncSmart Michigan (Small Business and Startups) - Michigan will begin demolishing abandoned commercial properties in Flint. The Genesee County Land Bank and the Michigan State Housing Development Authority announced the upcoming demolitions t his week. The properties will be demolished next year in 2018. A half-million-dollar grant from MSHDA will help to help pay for the projects. The grant funding provided by MSHDA, the city, the county and a private contribution.
City officials said the demolitions will eventually support redevelopment plans for each of the three sites. The development will be mixed use projects that will include a new community center on the site and create more than 200 units of mixed-income housing. The current unemployment rate for Flint is 9.1% in May 2016. The areas targeted for demolition are high crime locations. This demolition also coincides with the redevelopment of the former Coolidge School across the street from one of the properties. Coolidge School is part of the Flint School District.
By IncSmart Staff Writer
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