Economic development: commercial redevelopment; commercial redevelopment act; modify. Amends secs. 9, 12a, 16 & 18 of 1978 PA 255 (MCL 207.659 et seq.).

Summary

SB 721 changes four sections of the 1978 Commercial Redevelopment Act (Public Act 255) that govern how commercial redevelopment is handled in Michigan. The revisions affect developers, local governments and property owners who participate in commercial redevelopment projects. The goal is to modernize the law to better support economic development.

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