New Plan Could Help Ypsilanti Market Water Street Redevelopment Project
A new brownfield plan could help Ypsilanti attract developers to the Water Street project.
The new plan replaces one adopted in 2006 when the city thought a single developer would use the 38 acre parcel south of Michigan Avenue.
Washtenaw County Economic Development Specialist Nathan Voght says the new version recognizes multiple developers will be involved. "More detailed analysis of brownfield conditions and potential financing using brownfield financing for various eligible activities will be considered on a parcel by parcel basis moving forward," Voght says.
Voght thinks the plan offers a more realistic build out scenario. Updates for remediation work that's been completed over the last eight years is included.
The plan still must be approved by Washtenaw County officials.