Absolute Michigan's Michigan Blog: Abandoned Factory Gets New Lease on Life, Developer Gets Tax Breaks

Tuesday, February 07, 2006

Abandoned Factory Gets New Lease on Life, Developer Gets Tax Breaks

The Lansing State Journal has an in-depth report on a developer who has transformed the former Melling Forging Co. site north of Lansing's Old Town into a business center with 11 tenants. Dan Van Acker's DJV Properties has invested about $1.5 million in the property and under Michigan's Obsolete Property Rehabilitation Act, won't pay taxes on any of the improvements for 12 years.

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# posted by farlane @ 9:13 AM

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