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The Obsolete Property Rehabilitation Act, P.A. 146 of 2000, as
amended, provides an incentive to encourage the rehabilitation of
obsolete and/or blighted commercial property. Generally speaking,
the real property value of a building will be frozen at the
pre-rehabilitation value for 1-12 years (the duration is
determined by the Mayor and Council), resulting in a tax saving to
the applicant.
For additional information regarding the program,
please see the Citys OPRE Review Policy or click on the following
link to the State of Michigans website:
http://www.michigan.gov/documents/146_packet_98456_7.pdf
As of October 2007, the City had
created eight OPRE districts and granted six OPRE Certificates, resulting
in the following: twelve new businesses; the creation or retention
of more than one hundred jobs; the renovation of more than 95,000 square
feet of commercial space; and more than $7.1 million invested in
property improvements.
For a table of the all districts
established and certificates issued, please call or "Click" on the
following link.
List of All OPRE Districts - 10-03-2007.pdf
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