How to Buy A Luxury Downtown Grand Rapids Condo Without A Tax Bill...Call Lola Audu!

By
Real Estate Broker/Owner with Lola Audu~Audu Real Estate~Grand Rapids, MI Real Estate

 

Grand Rapids Van Andel ArenaWhether you're driving or walking through downtown Grand Rapids, Michigan...you can't help but feel it. 

It 's the New Energy which is palpable in the heart of the city.  You can witness the resurgence of life in the numerous buildings which have been built or re-furbished in recent years. 

The new energy can be observed in a simple tangible expression of an activity which had diminished and has now returned...the burgeoning expression of "street life".  Witness people walking to various places of business and recreation or streaming from a show at one of the many venues for entertainment.  Grand Rapids is experiencing a rebirth...a renaissance of sorts.

Originally established in 1997, the creation of the Renaissance Tax Free Zone in Grand Rapids, Michigan for eligible businesses and residential homes has been one of the smartest moves the city has made in recent years to boost investment in the downtown Grand Rapids area.

Within the last three years, over 300 Million dollars has flowed down river to what was once an ailing and increasingly deserted section of the community.  The creation of Renaissance Zones is a tactic which is being copied in cities across the nation. Click Here to Continue Reading about how this innovative program is saving home owners thousands of dollars every year...

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Ambassador
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Missy Caulk
Missy Caulk TEAM - Ann Arbor, MI
Savvy Realtor - Ann Arbor Real Estate
Lola, I love downtown GR, it does have a lot of energy and the River running through it reminds me of Chicago.
Feb 08, 2008 09:22 AM #1
Rainmaker
826,028
Fran Gaspari
Patriot Land Transfer, Inc. - Limerick, PA
"The Title Man" - Title Insurance - PA & NJ

Lola,

You're right...Philadelphia adopted one and it has caused a tremendous rebirth of people moving back into the city!!! Thanks,   Fran

P.S. I think Philly's abatement is for ten years!

Feb 08, 2008 10:14 AM #2
Rainmaker
387,806
Lola Audu
Lola Audu~Audu Real Estate~Grand Rapids, MI Real Estate - Grand Rapids, MI
Audu Real Estate~Grand Rapids, MI ~Welcome Home!
Hi Missy...Thanks for your comment.  Grand Rapids downtown area is cool...and that's the verdict from my 15 year old. :)
Feb 08, 2008 03:29 PM #3
Rainmaker
387,806
Lola Audu
Lola Audu~Audu Real Estate~Grand Rapids, MI Real Estate - Grand Rapids, MI
Audu Real Estate~Grand Rapids, MI ~Welcome Home!
Wow Fran, That's a great deal.  When the Renaissance Zone was first adopted in the late 1990's, I would never have imagined it would transform the downtown area in the way in which it has and continues to do. 
Feb 08, 2008 03:31 PM #4
Ambassador
752,804
Mike Jones
SUNSTREET MORTGAGE, LLC (BK-0907366, NMLS 145171) - Tucson, AZ
Mike Jones NMLS 223495

This is a forward thinking policy, Lola.  Thanks for posting.

Mike in Tucson

Feb 08, 2008 10:04 PM #5
Rainmaker
1,039,575
Charles McDonald
Charlottesville Real Estate Solutions - Charlottesville, VA
REALTOR®, Blogger, Principal Broker®, Owner

Lola you forgot one thing:

How to Buy A Luxury Downtown Grand Rapids Condo Without A Tax Bill...?

Call Lola Audu!!!

 

Your friend in Charlottesville

Feb 09, 2008 12:33 AM #6
Rainmaker
387,806
Lola Audu
Lola Audu~Audu Real Estate~Grand Rapids, MI Real Estate - Grand Rapids, MI
Audu Real Estate~Grand Rapids, MI ~Welcome Home!
Appreciate you stopping by to read Mike.  This is an example of smart governement working well.
Feb 09, 2008 03:00 AM #7
Rainmaker
387,806
Lola Audu
Lola Audu~Audu Real Estate~Grand Rapids, MI Real Estate - Grand Rapids, MI
Audu Real Estate~Grand Rapids, MI ~Welcome Home!
Charles...You know what...I'm going to change the Title!  Thanks. :)
Feb 09, 2008 03:01 AM #8
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