Thursday, July 03, 2014

From the same "leaders" who tell they're too broke to fix our roads------State commits $1.5M to Macomb Mall redevelopment

State commits $1.5M to Macomb Mall redevelopment | The Detroit News
Macomb Mall’s makeover is getting a $1.5 million lift from the state.
The board of the Michigan Strategic Fund approved allocating the money for the Roseville shopping center’s redevelopment as part of $15 million in entrepreneur assistance and company development projects it awarded Tuesday.
The money for the mall’s redevelopment will come from captured local and school taxes.
Michigan Economic Development Corp. officials estimate the project will create 295 full-time equivalent retail jobs with an average hourly wage of $11.
Lormax Stern Development Co., the mall’s owner, is based in Bloomfield Hills.
It owns more than 20 other shopping centers across the state, as well as ones in Florida, Kentucky, Mississippi and Texas.

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