26-0063

Description

Title: Resolution to Approve a Transformational Brownfield Plan for 350 South Fifth Avenue

Summary

The City of Ann Arbor is advancing the Transformational Brownfield Plan for 350 S Fifth Ave, which aims to develop 330 affordable housing units and ground-floor retail in a 20-story building. The project is projected to cost over $200 million and will utilize state tax incentives to address environmental issues and enhance local transit infrastructure. This initiative supports the city's goals for affordable housing and community revitalization. Public input and collaboration with local agencies are integral to the plan's success.