$80M Vicksburg redevelopment seeks transformational brownfield incentive

March 17, 2019

Source: SYDNEY SMITH
Department: MiBiz
Email: ssmith@mibiz.com

VICKSBURG " A proposed large-scale redevelopment in Southwest Michigan is angling to be the second project in the state to use a new funding tool.

Paper City Development LLC is hopeful its proposal will meet the Michigan Strategic Fund s criteria to use the state s transformational brownfield program, an incentive first enacted in 2017.

The developers are preparing to submit a 190-page transformational brownfield plan detailing an ambitious $80 million undertaking to rehabilitate the former Lee Paper Mill site, which has sat dormant for about two decades in Vicksburg, a village of 3,400 people that s located about 15 miles south of Kalamazoo.

The mixed-use project would transform the mill, which is listed on the National Register of Historic Places, to include a brewery, distillery, beer garden, restaurants, various commercial and residential spaces, boutique hotel, and a museum dedicated to the American brewing industry. As well, the developer s plans call for multiple event spaces and an outdoor courtyard for music and other events that can fit up to 10,000 people.

"We re planning on having multi-day music festivals on the compound and we re planning on having up to 40,000 people visiting two weekends a year," said Jackie Koney, director of Vicksburg operations for Paper City Development.

Read the entire article $80M Vicksburg redevelopment seeks transformational brownfield incentive.

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