Brownfield Redevelopment
Remedial Investigations
Remediation/Site Closures

TTL’s Brownfield Redevelopment team has the expertise to maximize tax incentives, and obtain grants and low interest loans to offset project costs and increase your return on investment. Brownfield Redevelopment Funding Mechanisms include the following:

Single Business Tax (SBT) Credit
The SBT Credit is available to property owners for redeveloping a Brownfield site. The SBT credit is 10% of the eligible investment of up to one million dollars in credit, claimed over a ten-year period. Qualifying activities include: construction, demolition, restoration, renovations, site improvements, addition of machinery, equipment and fixtures and leased machinery, equipment or fixtures. The SBT Credit can be assigned to eligible lessees.

Tax Increment Financing (TIF)
Act 381, Michigan’s Brownfield Redevelopment Financing Act, allows local Brownfield Redevelopment Authorities (BRA) to capture incremental increases in tax dollars generated from new development and property improvements on eligible properties. The BRA uses these captured tax dollars to reimburse eligible environmental activities including the following: Phase I, Phase II and Baseline Environmental Site Assessments. Included is a Due Care Plan with an investigation to define contamination and assessment of intended use, including contaminant removal/isolation to prevent exposure or exacerbation, and relocation of public buildings or operations.

TIF is available for development-related eligible activities in 88 Core Communities. In lieu of being contaminated, sites are eligible when they are deemed blighted or functionally obsolete (not fit for intended purpose or reuse). Additional development-related eligible activities include: Infrastructure Improvements, Demolition, Lead/Asbestos Abatement, and Site Preparation.

TTL understands the development process and brings proven expertise in successfully obtaining grants, low-interest loans and tax incentives for clients who need to offset project costs and increase their return on investment.

TTL can help maximize tax incentives, obtain grants, and low interest loans to offset project costs and increase return on investment on Brownfield sites.