LANSING — An electrical contractor will spend $600,000 to renovate a blighted building in Lansing’s original downtown, the area called Old Town, bringing 32 new full-time jobs to the city in the process.
Lansing Mayor Virg Bernero and Bob Trezise, president and CEO of the Lansing Economic Area Partnership, announced the plans of United Electrical Contractors Inc. on Thursday.
Scott Flegler, owner of Kaynick Properties and UEC, recently acquired the property, located at 1308 N. Larch, and requested an Obsolete Property Rehabilitation Exemption Certification that will reduce property taxes on the building improvements for the next 12 years. After completion of the project, Lansing will receive an estimated $140,000 in new tax revenue, and Kaynick Properties will realize savings estimated at $76,000.
“The vibrant commercial community in Old Town continues to act as a powerful magnet for new companies looking to locate in Lansing,” said Mayor Bernero. “Thanks to Scott Flegler and his team for believing in Lansing and for being an important part of our economic resurgence.”
Said Flegler: “We have been looking for a permanent home for our company for some time and believe that this property not only provides us with the additional space that we need to continue to grow but also allows us to participate in the continued revitalization of the Old Town neighborhood.”
LEAP will refer the OPRA application to the Lansing City Council at its regularly scheduled meeting on Monday, Feb. 23, where it will be assigned to the Development and Planning committee for further review.
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