MI SB0323

Expands eligible activities for brownfield redevelopment to include infrastructure improvements, demolition, lead/asbestos abatement, and site preparation for properties in qualified local governmental units, land bank fast track authorities, and economic opportunity zones.

Adds infrastructure improvements and demolition as eligible activities for qualified facilities (140+ acre landfill sites with inactive landfill, recycling facility, and asphalt plant) located outside qualified local governmental units.

Establishes "major redevelopment project" designation allowing the Michigan economic growth authority to designate up to 2 projects annually, requiring $50 million+ in new construction investment, multilevel parking, 300+ permanent jobs, and regional/state benefits.

Includes environmental insurance costs as eligible activities and establishes specific criteria for former mill properties along federal superfund sites in cities with less than 10,000 population.

Clarifies that property owned or controlled by land bank fast track authorities qualifies as blighted property and retains that status even after sale, lease, or transfer.