Michigan City subdivision gets a reboot thanks to city and developer Mayfield Partners LLC. Mayfield Place on Tryon road was a well-intended plan subdivision, however with poor execution, fiscal issues and lack of proper plats, the project stalled for 15 years.
With a commitment to build new homes from the new developers, the City of Michigan City and the Sanitary District agreed to help existing homeowners and facilitate the process of bringing the unfinished road up to city standards and began maintenance of the now city road.
Mayor Meer said’ “We could no longer ignore the homeowners who have paid property taxes all of these years and did not receive adequate city service. The city's investment will be repaid quickly with the addition of 30 new homes which will add a minimum annual property tax revenue of approximately $75,000.00 a year. This is a great return on investment for the city.”
The total investment by the developer is over $7 million dollars and the economic impact will be realized in the community through the use of local trades and purchases from local suppliers.
The developer managing partner, Michael Conner stated, “The city has been a great partner in helping move this project forward. It’s been over 15 years that these existing homeowners have been without a resolution and we applaud the city for taking a stand to help these homeowners and making this project a possibility. We have been waiting for the right economic climate and market demand to build houses and now is the best time to start.”
The price of the new homes will range between $225,000 and $275,000. For more information on the new development lot choices and reservations, please contact (312) 735-2912.
Companies looking to expand their business may call the EDCMC at (219) 873-1211 for more information.