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Grand Rapids Renaissance Zones a Michigan Success StoryThe Grand Rapids Press had a detailed feature this weekend looking at how the city's decision in 1996 to create Renaissance Zones and forgoe millions in taxes helped to create millions in investments, redevelopment of some of the city's most depressed properties and a dramatic revitalization in some neighborhoods. Between 1996 and 2005, taxable value (about half of market value) of city Renaissance Zone properties has grown by $115 million. The article also looks at several businesses that have grown dramitically thanks to the program and is well worth a read.Read Renaissance revisited: what Grand Rapids has accomplished in 10 years in the Grand Rapids Press click to
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