Formerly the Lansing Housing Commission, the building has been vacant for nearly 15 years and required extensive interior demolition, as well as remediation of mold growth and asbestos-containing materials. Triterra also conducted a baseline environmental assessment (BEA), hazardous materials surveys, and due care consulting for this project. Eyde Family, LLC, and helped secure $4 million in Brownfield incentives through multiple local and state sources, including the Michigan Community Revitalization Program (MCRP) Grant and Loan Program, the Lansing Regional Brownfield Coalition EPA Assessment Grant Program, Brownfield Tax Increment Financing (TIF), and a tax abatement through the Obsolete Property Rehabilitation Act (OPRA). Triterra provided Brownfield Consulting Services for the developer, George F. This Capitol View redevelopment project brings 96 residential units and 4,430 sq ft of office & retail space to the heart of Downtown Lansing, just north of the State Capitol.
The project brings significant investment to this parcel, adds to the economic vitality of the Cedar Street corridor, and adds to the success of the township’s broader development strategy. The improvements to the property are permanent and will significantly increase the taxable value of the property, as well as assist in increasing the property values in the area.
Overall benefit to the community includes replacement of a former vacant filling station building with a new branch building on a formerly tax-reverted property that generated zero tax revenue for the township. Triterra provided Brownfield Consulting services for the developer, which secured $1.125 million in Brownfield incentives through multiple local and state sources including a $370,000 Brownfield Redevelopment Grant from the Michigan Department of Environment, Great Lakes and Energy (EGLE) and $755k in Brownfield Tax Increment Financing (TIF) to raze the former obsolete building and address environmental conditions at the site. In 2015 Delhi Township identified this site as a priority development site. The MSUFCU Cedar Street Project transformed the former gas station site located in Delhi Charter Township into an MSUFCU local branch office. Project: MSU Federal Credit Union, Cedar Street Branch