The Michigan Department of Transportation is granting an urban development project in Bay City more than $700,000 to help build and improve roads.
Patti Stowell, Bay City??s economic development marketing manager, said the $709,303 MDOT grant will help build East Main Street, which will be the main road within Uptown Bay City, scheduled to open next spring. The other part of the grant will go toward repairing and resurfacing Saginaw Street which runs parallel to the development.
When complete, Uptown Bay City will be a 43-acre mixed use riverfront site that will include restaurant, retail and office space.
Dow Corning, McLaren Bay Region and Chemical Bank have signed on as anchor tenants. Officials say the streets project will cost $1.9 million dollars, which includes the MDOT grant and roughly $330,000 in Bay City funds.
??This is very critical because it is a main artery into the Uptown Bay City site and so the funds that we are receiving from the MDOT are greatly appreciated,?? Stowell said.
Construction on Uptown Bay City is expected to be complete next spring and officials say it will bring 500 new jobs.