Page 2 - Transformational Brownfield News Today

On July 18, 2023, Governor Whitmer signed into law Public Act 90 of 2023, an amendment to the Brownfield Redevelopment Financing Act (Act 381), taking immediate effect, that adds new...

On July 18, 2023, Governor Whitmer signed into law Public Act 90 of 2023, an amendment to the Brownfield Redevelopment Financing...

The Italian Renaissance-style buildings at 1265 Washington Blvd. had been vacant since 2009 and deteriorating until Bedrock purchased them in 2015.

Bedrocks reopening of the iconic 1916 building on Washington Boulevard comes after seven years and a nearly $400 million renovation.

The $1.5B project is only the third development to win Transformational Brownfield incentives from the Michigan Strategic Fund.

The “Transformational Brownfield” incentives approved by the Detroit City Council for the $1.5 billion District Detroit still require approval by the state.

Detroit City Council approved a Transformational Brownfield Redevelopment Plan after weeks of discussions and delays.

The project calls for 10 new and rehabilitated buildings for 1.2 million square feet of office space, 695 apartments, retail spaces, and hotels.

The District Detroit projects biggest subsidy request for $616 million is gradually moving toward a possible City Council vote in March.

The benefits package includes nearly $12 million in new direct spending, including money for apprenticeships and Cass Techs football field.