More tax credits, historic districts, and condos coming to Grand Rapids

The development boom in Grand Rapids shows no sign of slowing down and as developers pursue tax incentives to keep costs down on renovation and new construction projects downtown, whole neighborhoods are pursuing historic status to keep certain types of development at bay.

According to excerpts from the story:

GRAND RAPIDS – Tax credits for developments and designating neighborhoods as historic were on the agenda at Tuesday’s City Commission meeting.

The glut of condominiums was a topic at the City Commission meeting. Tax credits for a combination condo-apartment complex for an area south of downtown was debated, and some commissioners expressed concerns over the saturations of condos in the area.

But city economic officials say market studies of the area, which include expanding St. Mary’s Hospital, will support the project.

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