So far, only two projects have qualified since the program began nearly five years ago: redevelopment of an abandoned Vicksburg paper mill into commercial and residential space, and Dan Gilbert's four big downtown Detroit developments, including the Hudson's site. Michigan lawmakers last December eased requirements for the Transformational Brownfield program so that more projects could qualify for the powerful incentives. That type of brownfield would redirect to Lionheart decades of future property taxes that will be generated at the new development site, plus state income taxes paid by construction workers employed at the site and the state income taxes of future residents who reside there. The current stage shown on a city timeline indicates an Environmental Impact Review for the project to completed by December 2021, although the city has said plans are progressing more quickly.įollow exclusive business news in Citrus Heights: Sign up for The Sentinel’s free email edition and get two emails a week with all local news and no spam, ever.In addition, Lionheart is expected to apply for a "Transformational Brownfield," which is a unique state-level subsidy for big development projects. The project is currently in the Specific Plan development stage, which includes drafting of development guidelines for the site, economic impact assessment, ongoing engagement and public review. The design also features significant green space and walking paths that would be incorporated in the overall plan. The Sunrise Tomorrow concept seeks to guide redevelopment of the existing mall footprint into an outdoor shopping and dining area inspired by the Fountains in Roseville and Folsom’s Palladio mall, which have been popular comparisons mentioned in discussions about Sunrise Mall’s future.
“We continue to encourage our community to shop local, and ensure the economic impact of purchases supports Citrus Heights.” “With our current resources we have had to be creative, but we are encouraged by the amount of new families and businesses consistently choosing to establish roots in our community,” Baxter said. Related: Sunrise Mall redevelopment could add $1 billion value, up from current $31Mįor Citrus Heights, Baxter said the city is committed to business development moving forward.
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