WOOD TV-8 reports that this week the Michigan Economic Growth Authority board approved brownfield tax credits of $4.1 million for the redevelopment of the Old Federal Building by Kendall College of Art & Design.
According to excerpts from the story:
Brownfield credit approved Tuesday
A state board approved $4.1 million in tax credits Tuesday to redevelop the old Grand Rapids federal building into classrooms, offices and exhibit space for Ferris State University and the Kendall School of Art and Design.
The Michigan Economic Growth Authority board approved the credits for Christman Company subsidiary Federal Building Partners LLC, which is undertaking the $28.5 million renovation of the nearly 100-year-old city-owned building.
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