Michigan Strategic Fund
Coverage of Michigan Strategic Fund in the Nexus archive.
- Lakeside Mall redevelopment plan gets approved for $270M+ in incentives
The redevelopment plan for the former Lakeside Mall site in Sterling Heights, Michigan, secured $270,678,999 in incentives through the Michigan Strategic Fund. The project, led by Lakeside OOTB Ventures, LLC, includes 1,500 residential units, 150,000 square feet of retail space, and community amenities, supported by local and state tax revenue and a $27.6 million bond issuance.
- Mackinac panelists pitch data centers as ‘golden tickets’ – environmental advocates remain skeptical
Panelists at the Mackinac Policy Conference argued data centers could boost Michigan’s economy and transition to clean energy, while environmental concerns about energy use and water depletion persist. Proponents highlighted tax revenue and infrastructure benefits, citing a 2024 law offering tax exemptions for data centers meeting green energy standards.