Serving Gogebic, Iron and Ontonagon Counties

Township approves Mill Trace tax break

By RICHARD JENKINS

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IRONWOOD TOWNSHIP - While there is a still a degree of skepticism about the idea, the Ironwood Township Board of Trustees voted 5-2 to adopt an ordinance granting a tax break for the Mill Trace Apartments Wednesday.

Trustees Kevin Lyons and Bev Michaels voted against the measure.

Ordinance No. 55 will have those operating Mill Trace pay the township a $2,500 annual service charge in lieu of paying the various taxes on the property.

The money saved by the tax break - along with $356,342 in federal housing tax credits administered by the Michigan...