Bloomfield Park redevelopment gets $24.7 million tax capture

The Michigan Strategic Fund has approved $24.7 million in local and school tax captures for the Village at Bloomfield project in Pontiac and Bloomfield Township.

The $123 million project by Southfield-based Redico LLC and California-based Pacific Coast Capital Partners LLC, or PCCP, is a redevelopment of the Bloomfield Park project that failed nearly a decade ago in the wake of the Great Recession and created one of Oakland County’s most prominent eyesores.

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Posted Under: CBOR News