County officials approved the Vicksburg Mill project Wednesday night. Now it moves into the hands of the Michigan Economic Development Center. That MEDC approval is anticipated by early July, which would allow for more tax credits that are essential to kickstarting the development. In total, there is about $30 million in State tax incentives that are being chased (to go toward brownfield cleanup efforts). The entire project is expected to cost at least $80 million, and take 4 - 5 years to complete. In reality, I think it will cost more and take longer, even if all approvals and tax credits that are sought come through.
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Kalamazoo County Commission approves 'The Mill' project at old Vicksburg paper mill
WWMT Newschannel 3
March 7, 2019
VICKSBURG, Mich. — The Kalamazoo County Commission gave the green light to a major redevelopment project at the old Vicksburg paper mill. Community members weighed in Wednesday night at the commission meeting about Paper City Development LLC's plans for "The Mill." The $50 million project includes a brewery, hotel and concert venue. Commissioners ultimately voted to approve the project at the paper mill, which is listed on the National Register of Historic Places but has sat vacant since 2001...
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$80M project to redevelop Vicksburg mill seeks crucial tax incentives
Malachi Barrett | MLive
March 8, 2019
KALAMAZOO, MI -- Developers hope their big project in a small village will be the second to receive state tax breaks under a relatively new transformational brownfield incentive. The Kalamazoo County Board of Commissioners on Wednesday, March 6, approved a 190-page transformational brownfield plan for an $80 million rehabilitation of the Lee Paper Mill in Vicksburg. The plan, which still needs final approval from the Michigan Strategic Fund and the state’s Department of Environmental Quality, seeks to use state and local taxes to reimburse remediation efforts at the blighted and contaminated property off East W Avenue...
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