![Flint EM Approves 12-Year Tax Break for Downtown Genesys Project](http://townsquare.media/site/47/files/2014/10/Genesys-PACE-Center_Rendering-630x486.jpg?w=980&q=75)
Flint EM Approves 12-Year Tax Break for Downtown Genesys Project
Flint Emergency Manager Darnell Earley has signed a resolution that will give Genesys Health System's elderly care facility a 12-year tax break. According to MLive, the break comes from an approval of an "obsolete property rehabilitation exemption certificate for the Genesys Program for All-Inclusive Care project." It freezes the taxable value of the building in advance of the nearly $4 million in planned improvements. The PACE property is one of 11 downtown buildings that were included in two tax abatement districts approved by Flint's Emergency Manager in 2012. It is being built inside the former International Institute at 515 Stevens Street. The 15,000-square-foot building had been closed for nearly 10 years before the PACE project began. Cindy Ficorelli, a spokeswoman for Genesys, said the PACE project remains on track to open in spring 2015.
More From WFNT
![EM Announces Plan for Filling Council Vacancies](http://townsquare.media/site/47/files/2014/12/Darnell-Earley-WFNT.jpg?w=980&q=75)
![City of Flint Announces New City Adminstrator](http://townsquare.media/site/47/files/2014/12/RS3918_119463950-scr.jpg?w=980&q=75)
![New Flint Firefighter Contract Approved, Sent to State for Review](http://townsquare.media/site/47/files/2014/12/Flint-Fire-Department-2-Facebook.jpg?w=980&q=75)
![Flint Applauds County Decision to Consolidate Courts](http://townsquare.media/site/47/files/2014/12/RS5285_176810772-scr.jpg?w=980&q=75)
![City of Flint to Hold Tree Lighting Ceremony on Friday](http://townsquare.media/site/47/files/2014/12/RS5461_72967916-scr.jpg?w=980&q=75)
![EM to Impose New Contract on Firefighters, Council Gives Time to Propose Alternative](http://townsquare.media/site/47/files/2014/12/Flint-Fire-Department-Facebook.jpg?w=980&q=75)
![Flint EM Seeking Council Candidates for Third, Sixth Ward Vacancies](http://townsquare.media/site/47/files/2014/11/Flint-City-Hall-Jason-Cooper-WFNT2.jpg?w=980&q=75)
![Flint EM Considering All Options for Replacing Departing Council Members](http://townsquare.media/site/47/files/2014/11/Darnell-Earley-WFNT1.jpg?w=980&q=75)
![About 20 Applications Received for New City Administrator Job](http://townsquare.media/site/47/files/2014/10/Darnell-Earley-WFNT.jpg?w=980&q=75)