Plans to build a new Stadium District in downtown Midland are moving forward with a state stamp of approval: A $3.5 million tax credit. The Michigan Economic Growth Authority on Tuesday awarded the project a large Michigan Business Tax brownfield credit valued at up to $3.5 million to support the redevelopment of the former McKay Press property, 215 State in downtown Midland. Lansing Developer Kevin McGraw, who is operating under the name Midland Downtown Partners, said the project would not have moved forward without the tax incentives. “It’s great to see the state supporting the same things the local community supports,” McGraw said.
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