Downtown brownfield redevelopment (Spicer & Tri-Star buildings)
Saginaw
Summary
Two brownfield plan amendments unlock tax-increment financing for major downtown investments — Spicer Group's headquarters rehab and Tri-Star Trust's new riverfront headquarters — preserving ~200 jobs total.
At a glance
- Total mentions
- 2
- Last 30 days
- 0
Discussed at 1 meeting in the last 60 days; most recently Sep 14, 2026.
Impact analysis
Over $10 million in private investment enabled; brownfield reimbursement is drawn from the new tax revenue the projects generate.
Spicer Group, Tri-Star Trust, their ~200 employees, and downtown businesses that benefit from a stronger employment base.
A portion of new property tax increment from these sites is diverted to reimbursement rather than general city funds.
Mentions & discussions (2)
City Council - Sep 14, 2026
Two brownfield plan amendments unlock tax-increment financing for major downtown investments — Spicer Group's headquarters rehab and Tri-Star Trust's new riverfront headquarters — preserving ~200 jobs total.
Brownfield Redevelopment Authority - Jul 14, 2026
The former/problematic Spicer Group building downtown is getting a full rehab — new façade, new mechanical systems and asbestos abatement — under a brownfield plan. It still needs the DDA's approval before moving forward.
Related development
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