The village of Vicksburg, Mich. has verbally agreed to a proposed $50 million redevelopment of the former Vicksburg paper mill, but any funding support will have to be hammered out later, according to a recent report.
Paper City Development is proposing to redevelop the former mill complex that has been closed since 2001 into a brewery and beer garden, restaurant, retail center, craft food and beverage production facility, offices, arts community, museum, 42 apartments and events spaces.
The economic impact, if successful, could mean 1,200 additional jobs within the first five years of operation, more than 200 construction jobs and in a period from 2017-24 an estimated $350 million in added value and $55 million in local and state taxes.
Funding for The Mill could come from the Michigan Economic Development Corporation, Michigan Department of Environmental Quality, the Michigan Land Bank and the Vicksburg Brownfield Authority's Local Brownfield Remediation Fund.
That's where the Vicksburg Village Council and the Vicksburg Brownfield Redevelopment Authority come in. In September, both groups supported resolutions to participate in the Michigan Economic Development Corporation Redevelopment Ready Communities Program and for the developer to pursue a transformational brownfield plan for the former Vicksburg paper mill.
Officials said the resolutions are a part of the complex web of actions needed to eventually redevelopment what is now being called The Mill, and neither offer funding assistance. But, they said, both are needed to put Paper City into the loop for potential brownfield funding.
Paper City Development is first seeking an endorsement of the project form the authorities before sifting for the needed funding.
The mill redevelopment will be a brownfield project, which would make it eligible for brownfield funding.