Brownfield Redevelopment
BROWNFIELD TAX INCREMENT FINANCING
Reimbursement financing through incremental tax capture for a broad array of eligible improvements made by a project developer. Eligible costs for reimbursement include site preparation, demolition, utilities and nearby public infrastructure, and environmental remediation and housing development activities.
• FOCUS Property Redevelopment and Personal Property Investment
• TYPE Reimbursement, Tax Increment Financing
LBRA'S LOCAL BROWNFIELD REVOLVING FUND (LBRF)
The Lansing Brownfield Redevelopment Authority (LBRF) maintains a local brownfield revolving fund (LBRF) to support the revitalization of underutilized and environmentally challenged properties. Funded through the tax increment revenues from successful brownfield projects, the LBRF can provide gap financing for eligible environmental and non-environmental activities on future redevelopment sites. This flexible tool helps reduce upfront costs, making challenging projects more feasible while encouraging investment, job creation, and the productive reuse of land across Lansing.
BROWNFIELD TAX INCREMENT FINANCING
Reimbursement financing through incremental tax capture for a broad array of eligible improvements made by a project developer. Eligible costs for reimbursement include site preparation, demolition, utilities and nearby public infrastructure, and environmental remediation and housing development activities.
• FOCUS Property Redevelopment and Personal Property Investment
• TYPE Reimbursement, Tax Increment Financing
LBRA'S LOCAL BROWNFIELD REVOLVING FUND (LBRF)
The Lansing Brownfield Redevelopment Authority (LBRF) maintains a local brownfield revolving fund (LBRF) to support the revitalization of underutilized and environmentally challenged properties. Funded through the tax increment revenues from successful brownfield projects, the LBRF can provide gap financing for eligible environmental and non-environmental activities on future redevelopment sites. This flexible tool helps reduce upfront costs, making challenging projects more feasible while encouraging investment, job creation, and the productive reuse of land across Lansing.
Chelsea Dowler
Development Projects Coordinator