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07-09-10 Erskine Commons succeeds 15 years ahead of schedule
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07-09-10 Erskine Commons succeeds 15 years ahead of schedule
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9/15/2010 9:09:38 AM
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Office of the Mayor <br />NEWS RELEASE <br />July 9, 2010 <br />3:00 PM <br />Erskine Commons succeeds 15 years ahead of schedule <br />Contact: <br />Mikki Dobski, Director of Communications & Special Projects, 235-5855 or 876- <br />1564, Don Inks, Director of Economic Development, 235-9371, or Bill Schalliol, Economic <br />Development Planner, 235-9371 <br />Six years ago, a 50-acre site near Michigan Street and Ireland Road featured a former <br />landfill in need of environmental remediation and a variety of underused properties at <br />what was believed to be a highly viable commercial location near U.S. 31 and U.S. 20. <br />The Redevelopment Commission and the administration of Mayor Stephen J. Luecke <br />envisioned a development site featuring 330,000 to 400,000 square feet of retail to anchor <br />the western end of an Erskine Hills Shopping District, stretching along Ireland Road to <br />Ironwood Drive. The development was jump started by public investment from the sale <br />of two bonds totaling nearly $6 million to be repaid by anticipated increases in property <br />tax revenue resulting from the growth in the assessed value of that site. <br />Since then, the creation of Erskine Commons has led to the development of more than <br />476,000 square feet of new commercial space. More than $56.5 million in private and <br />public investment has included commercial outlets like Wal-Mart, Lowe’s and Gates <br />
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