County Helps Water Street Project
Ypsilanti, MI – Washtenaw County officials have taken an important step toward moving Ypsilanti's Water Street redevelopment project forward.
County commissioners voted unanimously Wednesday night to approve the brownfield and tax increment financing plans for the project.
Ypsilanti Planning and Development Director Karen Hart says the city can now seek state approval to begin cleanup efforts at the site, and to apply for state brownfield tax credits and tax increment financing.
The cleanup costs are pegged at around seven-point-five million dollars, but when financing costs are added, the costs could go as high as 23 million dollars.