![]() “This project would turn a frog into a prince.”Īndrew Milia, president of Franklin Property Corp., said the township will benefit from this project in several ways: an immediate increase in tax revenue for the police and fire SAD, a contribution in annual fees for water and sewage use, developer-funded two-mile extension of utilities at the cost of $3 million to serve multiple property owners and other township residents, and $1.5 million in annual tax revenue upon expiration of the Brownfield period. ![]() “The spirit and intent of a Brownfield surely fits here as it is intended to clean up contaminated areas,” said Gary Jonna, founder and president of Whitehall Real Estate Interests. This would offset some of the infrastructure improvement costs. At the July 14 Commerce Township Board of Trustees meeting via Zoom, the presidents of both companies requested permission to apply for a 20-year tax credit through the Oakland County Brownfield Authority and State of Michigan Land Bank. The Reserve at Crystal Lake will be jointly developed by Franklin Property Corp. ![]() The existing 40-acre lake will be incorporated into the proposed development. (Photo submitted)ĭiscussions are underway to convert 157 acres of the former sand and gravel mining operation on Sleeth Road, east of Wixom Road, into a lakefront, single-family residential community of 200 homes with an average value of $500,000. This 157-acre former sand and gravel mining operation on Sleeth Road may be developed into a lakefront, single-family residential community. ![]()
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