
Planning & Development
Department
400 Boardman AveTraverse City, MI 49684
Phone: (231) 922-4676
Contact Us


Frequently Asked Questions
1. QUESTION: What does the Brownfield Redevelopment Authority do?
ANSWER: The BRA reviews proposals for the redevelopment of eligible property and determines what financial incentives are necessary and/or available to assist the redevelopment. The BRA recommends the appropriate Brownfield plans to the governing body of the municipality. The BRA enter into a development agreement with the developer.
2. QUESTION: What is an eligible property?
ANSWER: Property must meet one of these 3 criteria:
- Property is a "facility as defined by part 201, Environmental Remediation of the Michigan Natural Resources and Environmental Protection, 1994 PA 451 as amended".
- Property is "blighted".
- Property is "functionally obsolete".
3. QUESTION: What taxes does the BRA capture?
ANSWER: The BRA only captures the taxes paid by the developer on the additional taxable value created by the new investment made to the property. The increased portion of tax revenues, or the "tax increment", is temporarily "capture" by the BRA to reimburse the developer for eligible activities.
4. QUESTION: How is the Local Site Remediation Fund (LSRF) created?
ANSWER: After the developer has been repaid for eligible activities, BRA can collect the incremental increase in taxes for an additional five years. Collection of state taxes can be 5 years or up to the amount approved by the state EDQ for eligible activities. Local tax can be captured for up to five years after repayment is complete. State approved MEGA activities cannot be captured into the LSRF, only DEQ activities.
5. QUESTION: How can the LSRF be used?
ANSWER: Use of funds can only be used for eligible activities on eligible property. If state funds are used, DEQ approval must be received.



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