5 new things to know about redevelopment of Sappi into Windward Pointe
Community News |Mar 23, 2017|1 min read
MUSKEGON, MI – Owners of the former Sappi paper mill property are counting on an enormous increase in the lakefront property’s value to help pay for cleanup and redevelopment of the former industrial property.
Pure Muskegon LLC, which bought the sprawling, prime Muskegon Lake-front property last summer, hopes to get some of its costs reimbursed by nearly $45 million in new property taxes generated by improvements to the property.
The property owner submitted a plan to the city on how it plans to use Brownfield Tax Increment Financing to prepare the property for a large mixed-use development comprised of commercial, residential and recreational uses.