City still needs info on Central School plan

IRON MOUNTAIN — Iron Mountain City Council members are concerned they haven’t received an appraisal and other figures from the developer of proposed low-income housing development at the former Central School building.

Commonwealth Development of Fond du Lac, Wis., failed to secure tax credits from the Michigan State Housing Development Authority in the first funding round earlier this year. But the company plans to apply for the second round due April 3...

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Ken Notes: Payment In Lieu of Taxes, or PILOT, agreements are key to some developments especially if TIF districts, yet few elected officials or even legal advisors understand the concept and it`s impact on development...



- - Volume: 5 - WEEK: 10 Date: 3/9/2017 7:10:46 AM -