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The proposal, called a land value tax, would triple taxes on land in the city, while eliminating the Detroit operating tax of 20 mills on all structures.
Detroit continues its push to remediate commercial blight, as the demolition department ramps up tackling neighborhood and well-known sites.
Since returning to his hometown of Detroit in 2008, Richard Hosey has been among the most active developers – and public servants – in the city.
Fisher Body was an automobile coachbuilder founded in 1908. Its 21st plant, a six-story 600,000-sf factory in Detroit that produced car chassis, was said to be one of Motor City’s first poured-concrete buildings. General Motors purchased the plant in 1926 and made Cadillacs and Buicks there through 1984. The plant then went from being occupied by paint manufacturers for nearly a decade, to abandonment until the city of Detroit took ownership of the graffiti-strewn structure in 2000. A Detroit auto plant to be repurposed as housing.
After 25 years of ruins, the Fisher Body Plant 21 will be redeveloped by Asset Management and Hosey Development.