Lansing Economic Development Corporation Board Meeting Agenda Packet May 2026
LEDC and NorthPoint Terminate Plant 6 Development Deal
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Description
Lansing EDC and NorthPoint Development terminated their November 2025 Development and Disbursement Agreements for the 57‑acre RACER Trust Plant 6 project under an April 27, 2026 Termination Agreement. The deal transfers pre‑closing survey and site-planning work product to Lansing EDC and sets terms for final SSRP grant disbursements and vendor payments.
Contract Details
Vendor
NORTHPOINT DEVELOPMENT LLC
Agency
City of Lansing, MI
Contract Type
CONSTRUCTION
Document Date
May 1, 2026
Contract Term
Agreements effective November 26, 2025; terminated effective April 27, 2026
Renewal Info
Original Development and Disbursement Agreements were contingent on NorthPoint closing on a purchase of the Plant 6 site from RACER; following termination of the purchase agreement, the LEDC–NorthPoint contracts were formally terminated with no renewal.
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