MEDC Announcement: Downtown Clawson Redevelopment Project
LANSING, Mich. – Projects that will support growth and economic recovery in five communities around Michigan have received support from the Michigan Strategic Fund, the Michigan Economic Development Corporation announced today. In total, the projects are expected to generate a total capital investment of $31.7 million and create or retain 278 jobs, bringing new vitality and economic activity in downtowns across the state.
“Today’s MSF approvals demonstrate our continued focus on laying a path for economic growth and recovery in all regions of our state, while continuing to support the community projects that will lay the foundation for long-term economic resiliency for Michiganders,” said MEDC Senior Vice President of Community Development Michele Wildman. “By contributing to traditional downtown districts and revitalizing public spaces, these projects are helping to establish attractive places to live, work and play.”
FROM THE MEDC…
The Oakland County Brownfield Redevelopment Authority has received MSF approval of a brownfield work plan that will include $275,868 in state tax capture reimbursement for the Downtown Clawson Redevelopment Project in the city of Clawson. The project includes rehabilitation and new construction of commercial and residential space located in the downtown. The property currently has one vacant building and another building that houses an ACE Hardware store and vacant commercial space. The vacant building will be demolished, and the other building will be rehabilitated into commercial and residential space. When completed, the first floor will include the current hardware store and space for a future tenant. The project also includes public infrastructure improvements.
The project is expected to generate a total capital investment of nearly $10 million and create 20 full-time equivalent jobs, and will increase urban density and provide new commercial attractions for Clawson residents. In addition, the project is consistent with the MEDC strategic plan because it will attract talent through innovative place making and creating more downtown residential and commercial density.
Local support for the project includes a 10-year Commercial Rehabilitation Act (CRA) tax abatement valued at $1,388,951. The City of Clawson is engaged in MEDC’s RRC program.
We are grateful for the efforts and hard work that State Representative Padma Kuppa and our Downtown Development Authority Director Joan Horton did to help secure this money for this development project in the city. We look forward to watching this project add to the continued growth and success of our thriving downtown.
City of Clawson