The Red Cedar Renaissance project has been in the works for more than three years. While it's still going to be awhile before we see any construction, a new agreement between the city of Lansing and developers show they are determined to try to make it happen.
"It's been a lot time, it'll be a long time to get there, but we are getting there," said Lansing's Mayor Virg Bernero.
It's a message that's been said before about plans to develop the former Red Cedar Golf Course, but Mayor's Bernero says this agreement is a game changer.
"There's economic challenges there's environmental challenges but we have the team to make it happen," Bernero said.
The Mayor along with two developers signed off on a plan to invest $276 million, building up the site on Michigan Avenue, and adding shops, housing, parks and a hotel. But it's still only a starting point.
"It lays out a whole series of milestones that have to be met by the city and more importantly by the developer over the next year," President of the Lansing Area Economic Partnership Bob Trezise explained.
That include assuring the quality of the project, outlining everything from materials that will be used to future tenants. It's all in an effort to make sure the project will bring in enough money to justify its high cost.
"If those milestones are met then we go ahead and we'd sell bonds if approved by the city council and would go ahead and do incentives but not until then," Trezise said.
And with a site that's on a flood plain, it's also going to take fixing drainage problems to prevent runoff into the Red Cedar River
"I've met with other property owners within the watershed and the impact on them is going to be so overwhelmingly positive," said Patrick Lindemann, Ingham County Drain Commissioner.
But it remains to be seen how all these plans will move forward.
"You gotta put skin in the game in order to get something out," Mayor Bernero said. "We are making a calculated, calibrated investment that we think will pay off for decades to come."
City council still needs to sign off on the deal before anything happens.