(GRAND RAPIDS BUSINESS JOURNAL) After years of little activity, urban development in the residential neighborhoods of Grand Rapids took on a much more serious tone this year.
That effort was jumpstarted when the city commission agreed to sell 162 tax-foreclosed properties for $1.16 million to the Kent County Land Bank Authority for redevelopment last summer.
That action was followed by the state awarding the city $2.5 million in federal funds for an anti-blight program, which will demolish 100 dilapidated houses. The city then entered into a partnership with KCLBA to oversee and direct the demolition work.
For more, click here from the GRBJ - http://www.grbj.com/articles/78579-development-picks-up-in-neighborhoods