Brownfield Redevelopment Authority
The Brownfield Redevelopment Authority (BRA) was established by the Cascade Charter Township board in 2020 to promote the revitalization, redevelopment, and reuse of commercial and industrial property within the Township that is environmentally contaminated, blighted, or functionally obsolete. The Brownfield Redevelopment Authority may implement brownfield redevelopment plans, investigate sites regarding environmental contamination, and utilize tax increment financing to assist with the remediation of a site and its redevelopment.
Under the Brownfield Redevelopment Financing Act, 1996 PA 381, as amended (Act 381), a BRA can:
- Use the tax increment revenue from the increase in local taxes for “eligible activities” like environmental due diligence and cleanup, demolition, and lead, asbestos, and mold abatement costs.
- Use the tax increment revenue from the increase in state school taxes (operating and state education tax - a total of 24 mills) for the same eligible costs, with approval from the Michigan Department of Environment, Great Lakes, and Energy (EGLE) for environmental eligible activities, or from the Michigan Economic Development Corporation (MEDC) for non-environmental eligible activities.
- Use the state and/or local tax increment for site preparation and infrastructure if the property is located in a qualified local governmental unit or owned by a land bank.
BRAs are also eligible to apply for EGLE and MEDC brownfield and revitalization grants and low-interest loans and US EPA brownfield grants.