MUNISING, MI— The Alger County Land Bank was recently approved for a $250,000 loan for a mixed-use project in Munising.
The money from the State Land Bank Authority will be used to develop the $18 million Munising Marketplace. It will consist of a three-story building housing 36 mixed-income residential units and a collaborative workforce center designed to foster job creation and placement for local workers and businesses.
Officials say due to a shortage of housing, Munising has struggled to attract and retain the workforce it needs to support many of its industries, including hospitality, which is its economic mainstay. Local businesses and professional staff at the Pictured Rocks National Lakeshore and Hiawatha National Forest have been significantly impacted.
