Sterling Heights advances $270M Lakeside Mall redevelopment plan
Posted By: mlive on April 24, 2026. For more information, please click here to read the source article.
Sterling Heights officials are advancing a $270 million transformational brownfield plan that would help finance the redevelopment of the former Lakeside Mall site, with multiple approvals scheduled in May and June.
May 5 and June 23 pose as two key dates for the demolition of the Lakeside Mall property and the development of the Lakeside Town Center in Sterling Heights.
Sterling Heights City Manager Mark Vanderpool said the project is scheduled to go before the Michigan Strategic Fund Board on May 9, following City Council action earlier that week.
“May 5, Sterling Heights City Council will be adopting the Combined Transformational Brownfield Plan so that it can go to the Michigan Strategic Fund Board for consideration,” he said.
The Transformational Brownfield Plan is a $270 million tax increment financing proposal spread over 30 years to support public and private improvements at Lakeside Town Center.
A separate June 19 meeting will focus on the surrounding area outside the former mall site.
“June 19 is the anticipated approval of the Lakeside Corridor Improvement Authority plan, which is completely separate and apart from the Transformational Brownfield Plan,” Vanderpool said. “The CIA plan focuses on the area outside of the Lakeside Mall property.”
The project is set to begin at the end of 2026 or the beginning of 2027.
The initial phase of the project is projected to be over five years.
It remains unclear as to when retail and residential open space will be open to the public.
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