HB 5592 would create the "Michigan Port Authority," but it's not about ports. It's about taking your land.
This bill would give seven governor's appointees the power to take any land by condemnation and make any deal with private developers to build anything they want, anywhere in the state. These schemes would be financed by tax-exempt debt, and not subject to local property taxes.
If this bill passes, and you are a land developer who doesn't feel like paying free-market prices to assemble your land, all you have to do is buy the obedience of four of the seven board members and any land in Michigan can be yours at whatever price the court fixes. Then you can finance your project with tax-free revenue bonds, and dodge local property taxes indefinitely, giving you an advantage over less-well-connected private developers.
This bill includes language carefully crafted to try to exempt the Port Authority from recent changes to Michigan law that try to make it harder to condemn land for use by private developers. The language might work, too, automatically endowing any Authority scheme with a "public purpose."
This bill invites corruption on a fantastic scale. It would make the current deal for a new State Police headquarters look like a (subsidized) lemonade stand.