Redevelopment
This site is now home to a 9,000-square-foot medical facility operated by the Traverse City Medical Center. Two businesses operate within the complex: Excel Physical Therapy and MVP Orthopedics. Since the cleanup and subsequent redevelopment, the taxable value of the property has increased by nearly $1.35 million, 25 full-time jobs were created, and the County and local taxing jurisdictions can expect to recognize a 27.8% increase in tax revenues in 2011.
Project Success
This project is now complete with the new tax increases going to all taxing jurisdictions in 2011. As an example, Garfield Township recognized $129.23 in yearly taxes in 1999. Now the Township will recognize $3,726.19 in yearly taxes.