Plans for East Lansing Hotel and Apartment Complex Back to the Drawing Board
Five years after the Red Cedar Renaissance project was first proposed along Michigan Avenue in Lansing, developments are still putting the financing in place to cover a $78 million cost to lay the thick foundation that would raise it up out of a flood plain and build other infrastructure.
In East Lansing, plans for a 12 story hotel and apartment complex downtown went back to the drawing board after developers said the $26.2 million brownfield reimbursement plan wasn't enough to cover the cost of public infrastructure improvements for the $148 million project.
Another $132 million project announced last week in downtown East Lansing aims to build two 12 story apartment buildings and a six level parking garage, which will likely need a larger tax rebate. The Lansing State Journal has more.