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From Crain's Detroit Business: There has been pushback against the tax break, the framework for which was set in 2017. Some residents and council members have questioned why Gilbert, worth some $17 billion or more, should receive the incentive.
The Detroit City Council has again delayed a vote on whether the city should give another $60.3 million in tax breaks for Dan Gilbert's project on the site of the former J.L. Hudson's department store.
The Gateway Center building at 1101 Washington Blvd. at Michigan Avenue has long been slated for demolition.
Dan Gilbert's Detroit-based real estate company now says the development, which has been hampered by redesigns and construction setbacks, is expected to cost $991 million, about a 9 percent increase from the most recent publicly revealed price tag of $909 million.
The 30,000-square-foot former community center property on the same block between State Street and Grand River Avenue as the under-renovation Book Building and Book Tower could have a new fate: First-floor retail and second-floor office, with the potential for a rooftop deck and penthouse.