Page 2 - Monroe Blocks News Today

Rocket Companies still did $700 million in net profits for 2022, well below its $6 billion in profits the year before.

After a rare ice storm has left over 700,000 without power in Michigan, warming centers are opening in Detroit for those seeking shelter.

Bedrock unveiled its plan for a new development at Cadillac Square in Downtown Detroit, with the plan for residential space, entertainment offerings, office space and more.

Called Development at Cadillac Square, the 1.5 million-square-foot project will include residential, retail, parking and offices

Bedrocks new plan for the downtown site has fewer apartments and less office space, but features a new 2,000-seat concert venue.

Bedrock’s new plan for the Monroe Blocks project cuts back on apartments and office space — but pitches a new concert venue behind the National Theatre facade.

Development officials insist the total amount of Transformational Brownfield subsidies for Bedrocks 4 big Detroit projects will stay the same.

The amendments dont increase the nearly $308 million maximum amount of income and withholding tax captures for which Bedrock is eligible.

The Detroit City Council on Tuesday approved the 10-year abatement for the Hudson's site development at Woodward and East Grand River avenues on a 5-4 vote.

The Detroit City Council will again not vote on the $60.3 million tax break requested for Dan Gilbert's development on the former J.L. Hudson's department store site.