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.
# posted by farlane @ 9:13 AM
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