Detroit City Council OKs $60 million tax break for Hudson's site project
After three postponements, the council voted 5-4 to approve billionaire Dan Gilbert's request after Bedrock expanded its community benefits package.
Source: detroitnews.com
Page 3 - Jared Fleisher News Today : Breaking News, Live Updates & Top Stories | Vimarsana
Stay updated with breaking news from Jared Fleisher. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Top News In Jared Fleisher Today - Breaking & Trending Today
Gilbert's Bedrock asks to delay Hudson site tax break vote again
Bedrock says that the break — freezing property taxes for 10 years — is necessary because of the project's high costs and low return on investment.
Source: freep.com
Hudson's site tax abatement vote delayed at Bedrock's request
Bedrock said it asked that the request for the 10-year, $60 million tax break be removed from the agenda "to be taken up at a later date."
Source: detroitnews.com
$60.3 million tax break for Hudson's site vote pushed to 'a later date'
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.
Source: crainsdetroit.com
$60.3 million tax break for Hudson's site vote pushed to 'a later date'
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.
Source: crainscleveland.com