![]() As public-private partnerships both RiversEdge Dev. ![]() Corp.'s responsibility is to identify a capable developer that will bring new tax base, construction, jobs, and/or housing to this site. Site is a brownfield and is not considered shovel ready.ĭISCLAIMER: Property sold as is where is, with all faults with no representations or warranties. Offers a variety of commercial, office, civic, cultural, entertainment, recreational, residential, and tourism-oriented uses in a compact, high intensity urban downtown environment. Īll public utilities available at the site In addition, if the investor holds the investment in the Opportunity Fund for at least ten years, the investor would be eligible for an increase in its basis equal to the fair market value of the investment on the date that it is sold.” Rules and regulations regarding the Opportunity Zone program can be found at. Investors can defer tax on any prior gains until no later than December 31, 2026, so long as the gain is reinvested in a Qualified Opportunity Fund, an investment vehicle organized to make investments in Qualified Opportunity Zones. “Qualified Opportunity Zones retain this designation for 10 years. The Internal Revenue Service has published a detailed list of Frequently Asked Questionsabout the Opportunity Zone program. The benefit to buyers is preferential tax treatment for private investment in development. Opportunity Zones provide substantial incentives to spur private investment in development and job creation. In addition, this property is certified as a federal “Opportunity Zone” under the Tax Cuts and Jobs Act of 2017. OPPORTUNITY ZONES Provide an Investment Boost for Buyers at this Riverfront Property: This property offers buyers an opportunity to design and develop their own vision including a mixed-use development. There are no comparable parcels like this available in the region. The Saginaw River and the city’s major thoroughfares bound this amazing property, in Bay City, Michigan. This is a unique opportunity to acquire up to 15.93 acres, of one of the Midwest’s best, undeveloped tracts of land along the picturesque Saginaw River. ![]() Generic Residential Comparison Tables.pdf Superior Environmental Limited Phase II Environmental Site Assessment.pdf RiversEdge Surath Site Property Landmark Maps.pdf MDEQ Brownfield Redevelopment Assessment Report 27 SEPT '18.pdf Preliminary Soil Evaluation - Former Surath Property 15 OCT '01.pdf Exact size and shape available below in ALTA pdf. RiversEdge Featured Property 15 Acre Opportunity Zone RiverFront Property Available in Beautiful Bay City, MI for $99,999! Development of Property is RequiredĪRC GIS/ESRI Bay County Aerial 2010. ![]()
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