Rebuild Former Lansing REO Town Oil Station into Restaurant Space
What's that old Saying? Where there's a a will, there's a way. If one really wants to do something, one can.
Developers are asking for tax incentives to turn the former Standard Oil station in REO Town into restaurant space.
According to the Lansing State Journal, the concept would be similar to The Little Fleet in Traverse City, a partially indoor, partially outdoor dining spot that features a fleet of food trucks.
I like the history behind this idea. The Standard Oil building on Washington Avenue was built in 1925 and served as a gas station until 1960.
Developers with REO Ventures, LLC say they're planning $290,000 in renovations and they're asking for a tax deal under Michigan's Obsolete Property rehabilitation Act to incentivize the project. ( Lansing State Journal)
If this is approved by City Council, the agreement would freeze the property's taxable value for up to 12 years, allowing developers to foot a lower bill by not paying taxes on improvements to the property.
The 1,813 square foot building, which is used for storage space before sitting vacant, doesn't have a restroom. It lacks a plumbing or heating system, according to documents submitted to City Council.
I think this is a great idea and will add more positivity to the Lansing area once this plan is up and running. Renovations could begin this summer and be completed within a year.
The owner of REO Ventures said this particular building is iconic in REO Town. We look forward to transitioning this building and undeveloped land to include a restaurant/food concept along with a vibrant outdoor space. (Lansing State Journal)