Bearinger Building brownfield grant

AKT Peerless project manager walked through the grant: no city match, application due January 28, extremely competitive — Michigan won only 7 of 20 applications last year. Cleanup would remove asbestos, lead paint and universal waste.

Saginaw Future's president said the building was identified as a top priority during the Redevelopment Ready Communities process a decade ago and that historic reuse projects need every incentive available to keep rents reasonable.

River Caddis VP of Development thanked the city and partners, acknowledged the project is very difficult to make work financially, and said even a worst case leaves the building cleaned up.