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The redevelopment of the long-vacant, 18-story United Artists Theater building in downtown Detroit into nearly 150 apartments is moving forward again after delays and cost increases resulting from the COVID-19 pandemic.
The pandemic and recent price spikes for construction materials have pushed up the project s costs by about $12 million to likely over $80 million. It also pushed back the anticipated start of construction by more than a year to this July or soon after.
On Tuesday, the Michigan Strategic Fund in Lansing approved a $2 million increase to the project s community revitalization loan to help cover the rising costs. The rest of the gap will be filled through various other funding sources, including a $7.6 million increase in the project s Housing and Urban Development loan and an additional $1 million from the city.
Apartment complex, town houses, parking garage planned for Corktown freep.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from freep.com Daily Mail and Mail on Sunday newspapers.
MARQUETTE, MI Northern Michigan University’s business incubator has received a $320,000 grant from the Michigan Strategic Fund.
Invent@NMU helps both campus and community members explore ideas for new products and small business startups. Student employees apply their education to real-world situations and clients. They assist in researching competitive landscapes; designing and producing prototypes; creating logos and packaging; building websites, source materials and manufacturers; and engaging in marketing campaigns.
Invent@NMU is led by professional partners at the Innovate Marquette SmartZone.
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Two projects building on Governor Whitmer’s Back to Work Michigan plan expected to generate total private investment of $7.1 million, create 266 jobs (Image Credit (Michigan business.org))
Energy storage provider Navitas adding second facility in Scio Township, creating 111 well-paying jobs
National mortgage lender Homepoint expanding in Ann Arbor, adding 155 jobs in the state s professional services industry
LANSING, Mich. – Two projects expected to generate 266 new, well-paying jobs and generating a total private investment of $7.1 million in the Ann Arbor region have received support from the Michigan Strategic Fund, the Michigan Economic Development Corporation announced today. Today s announcement is building on the Michigan Back to Work plan, announced during my State of the State Address to grow our economy and get Michiganders back on their feet, said Governor Gretchen Whitmer. These business expansions in Ann Arbor demonstrate our continued commitment to
Central Michigan Life - Online sports betting, casino gaming launches Friday cm-life.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from cm-life.com Daily Mail and Mail on Sunday newspapers.