LANSING, Mich. — Sen. John Bizon, M.D. announced on Thursday that the Michigan Strategic Fund has awarded a grant to a Battle Creek company for building redevelopment.
MSF is providing a $415,000 Michigan Community Revitalization Program performance-based grant to Record Box LLC, which plans to redevelop a historic three-story building in downtown Battle Creek.
“It is important that we work to revitalize and preserve the heritage of our cities,” said Bizon, R-Battle Creek. “This mixed-use project will bring life to a nearly 120-year-old building, adding commercial, office and hospitality uses that will add activity and vibrancy to the downtown area. The project will also increase the taxable value of the property that has been vacant since the early 2000s.”
Bizon said the project is expected to result in a total capital investment in the amount of $1.8 million, along with the creation of approximately 23 permanent, full-time-equivalent jobs.
Local support for the project includes a 12-year Obsolete Property Rehabilitation Act abatement with an estimated value of $320,412. The project also has secured a $225,000 grant from the W.K. Kellogg Foundation, a $50,000 grant from Battle Creek Unlimited and an additional $100,000 in low-interest loan financing from the Downtown Development Authority.
Record Box was developed to restore the community of Battle Creek and the surrounding area through building restoration and development. The company hopes to engage community, spread awareness of the needs and potential of downtown and preserve Battle Creek’s historic buildings.