Estimated read time: Less than a minute
This archived news story is available only for your personal, non-commercial use. Information in the story may be outdated or superseded by additional information. Reading or replaying the story in its archived form does not constitute a republication of the story.
GRAND RAPIDS, Mich. (AP) — Michigan State University is building an $88.1 million research facility in downtown Grand Rapids.
The Grand Rapids Press (http://bit.ly/1xLzz1E ) reports the biomedical research center will create up to 180 new jobs, as well as retain about 80 current employees at MSU College of Human Medicine. In its application for tax breaks at the new 163,000-square-foot facility, the East Lansing-based school says the average wage will be about $90,000.
Although MSU is tax-exempt, university officials have said the project could be eligible for tax reimbursements that would help offset $29 million in cleanup and redevelopment costs.
The new facility will be designed by the same Massachusetts-based architectural firm responsible for the medical school's Secchia Center.
The city's Brownfield Redevelopment Authority is expected to consider the tax break application on Thursday.
___
Information from: The Grand Rapids Press, http://www.mlive.com/grand-rapids
Copyright © The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
