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Peninsular Place
From ArborWiki
Peninsular Apartments is a 186-unit, 481-bedroom apartment complex on the site of the former Peninsular Paper factory on the northwest side of Ypsi. The complex was built in 2004-2005 and occupied in September of 2005.
The project was initially granted approximately one million dollars in property tax abatements, spread over several years, to assist in the clean-up and reuse of the brownfield property. In March of 2006, after the project was completed and occupied, Edwards Communities, the developer of the Peninsular Apartments, came before Ypsilanti City Council to seek an additional one million dollars in tax abatements. Providing brownfield tax abatements after the completion of development would be an extremely unusual act, especially for a City as cash-strapped as Ypsilanti.
Other articles:
- East Cross Street: http://www.east-cross.com/20060313.html
- Eastern Echo: http://easternecho.com/cgi-bin/story.cgi?1656

