A state Senate committee gave its unanimous approval this week to a package of state tax incentives that could allow developers to capture state sales and income taxes to help pay for large development projects in Michigan.
This "brownfield legislation" is something that developers like Dan Gilbert are pushing hard for as the package goes to the full Senate for consideration. Brownfield sites are often abandoned industrial sites that would require a significant clean-up and a major financial investment.
How would this legislation work? And since it appears to be a case of "picking winners and losers," is this something Gov. Rick Snyder will support?