Contaminated property in Wyoming will be redeveloped with a new hotel and commercial, restaurant, and retail space with help from the Michigan Department of Environmental Quality (MDEQ). A $202,000 grant and a $433,000 loan were awarded to the City of Wyoming Brownfield Redevelopment Authority (BRA) to revitalize and safely reuse a former dry cleaner on 44 th Street SW.
Grand Rapids developer CWD LLC will redevelop the property. The $20.3 million redevelopment is expected to create 50 new full-time and 50 new part-time jobs. The BRA will reimburse some project costs from the developer’s future property taxes.
The MDEQ partners with communities to protect public health and the environment and revitalize contaminated property. MDEQ grants and loans pay for environmental investigation and cleanup on brownfields. Brownfields are vacant or abandoned properties with known or suspected environmental contamination.
Partnerships between MDEQ and communities have created $4 billion in private investment and 29,000 new jobs over the life of the Brownfield Redevelopment Program. Each grant and loan dollar invested by the MDEQ in 2017 to protect residents and the environment is expected to return an average of $32 to the state’s economy. When brownfields are redeveloped, property values increase both on the revitalized site and on other nearby properties.