Garfield Approves PILOT Agreement to Convert Ridge45 to Workforce Housing
By Beth Milligan | July 29, 2026
One of Garfield Township's largest housing developments, Ridge45 – which has 484 apartments near the corner of LaFranier and Hammond roads – will be converted to workforce housing for at least 15 years after trustees unanimously approved a payment-in-lieu-of-taxes (PILOT) agreement for the property Tuesday.
New Ridge 45 LLC – a partnership of River Caddis Communities and RMP Investments that is purchasing the apartment complex – applied for the PILOT agreement. Instead of normal property taxes, a developer under a PILOT pays a defined percentage of net shelter rents to the local municipality. In this case, New Ridge 45 LLC has a six percent agreement in place with Garfield Township for …
Read More >>Interlochen Sexual Abuse Report Released; 47 Individuals Accused of Misconduct
Interlochen Center for the Arts released the full findings Tuesday of an investigation conducted by an outside …
Read More >>City Eyes Snow Removal Plans for Winter
Snow removal isn’t on most people’s minds in July, but Traverse City commissioners are already looking ahead …
Read More >>
TC Planning Commission Talks Eighth Street Project, Zoning Changes
Traverse City planning commissioners will hold a public hearing August 5 on rezoning the former Copy Central …
Read More >>Dems Square Off In 37th Senate District Primary
Two newcomers to state office races will face off in the 37th state Senate District Democratic primary …
Read More >>





