A proposed condo and marina development in Holland could be the recipient of two major tax incentives if the project moves forward by October 1. Development could be hindered by the struggling economy, but city leaders are pushing for the project to launch as soon as possible.
According to excerpts from the story:
Holland, MI — A waterfront condo and commercial development could be 10 years down the road. If economic conditions don’t improve, the project on the horizon could disappear altogether.
The Crescent Shores Marina project would be complete in three phases. Under a new agreement with the city of Holland, $6 million must be spent in the first five years, $3 million before the end of year eight and the total project complete by the end of year 10.
“We’re trying to encourage development as soon as possible,” Assistant City Manager Greg Robinson said.
“Both the brownfield and the NEZ are great tools you use to handle both difficult economic times and difficult sites,” said Rob McBrien, one of four owners.
Read the complete story here.
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