Downtown Lansing was the site on Friday, Sept. 8 in the latest stop of the PURE IMPACT tour to draw attention to the effectiveness and economic impact of the Michigan Community Revitalization Program (MCRP).
The program is available from the Michigan Strategic Fund in cooperation with the Michigan Economic Development Corporation. State officials are visiting sites of catalytic developments around the state to commemorate the five-year success of the program.
The project is a four-story building containing 84 market rate apartments directly over the existing outfield of the Lansing Lugnuts. The Outfield is located within Lansing’s entertainment district, providing residents with walkable access to breweries, bistros, concerts, art and culture. The property features on-site parking, balconies and luxury appointments.
The project received a $2.45-million MCRP award. Other funding partners include Outfield Partners LLC (Patrick K. Gillespie), City of Lansing, First National Bank of Michigan and Oakwood Construction Co.
In the last five years, MCRP performance-based awards have supported 114 projects (58 completed and 56 underway). Awards of $195 million have leveraged more than $1 billion in private investment.