Douglas J clean-up plan to get county funding
Posted on Nov 27, 2013 by douglasj.admin | Comments (1)
Date for demolition of existing buildings not yet set
MERIDIAN TWP. — Ingham County has approved funds to demolish three buildings and clean up contaminated soil in downtown Okemos to make way for Douglas J’s plan to build a new salon, office space and apartments.
The county board of commissioners approved a plan to provide up to $328,000 through the county’s redevelopment authority to demolish the former Travelers Club, Triple Goddess Book Store and White Bros. Music. A date for demolition is not finalized.
Douglas J plans to build a three-story, 25,000 square foot spa and salon building on 1.5 acres at the northwest corner of Okemos and Hamilton roads and a smaller three-story building with a mix of shops and retail on Hamilton Road.
Under the arrangement with the Ingham County Brownfield Redevlopment Authority, Douglas J will be reimbursed over several years for the clean-up out of “captured” property tax generated by improvements.
County documents show that the taxable value of the completed project is estimated to be more than $3.7 million. The current taxable value of the land and buildings is $390,631.
One hundred new jobs are also expected to be generated, county documents say.