Developers Seek $123M From Taxpayers for Grand Rapids Project

Developers want taxpayers to pony up to 82% of the cost of a proposed mixed-use facility in Grand Rapids called Factory Yards, located at Godfrey Avenue SW south of Market Avenue SW. The project could qualify for $103 million in Transformational Brownfield Credits and $20 million in traditional brownfield credits out of the estimated $150 million total development cost for the project, which would involve renovating existing buildings and constructing new buildings over about 15.5 acres.