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The “Transformational Brownfield” incentives approved by the Detroit City Council for the $1.5 billion District Detroit still require approval by the state.
City Council made a series of key votes Tuesday to secure tax incentives for the $1.5 billion District Detroit development project.
The Detroit City Council approved Tuesday a District Detroit development project a week after the council delayed the vote in order to understand the proposal and ensure it will benefit all Detroiters.
After weeks of back and forth with postponed votes, the Ilitch’s Olympia Development and billionaire developer and Detroit native Steven Ross just got the first chunk of tax incentives they were looking for, more than $600 million of the $800 million they want to expand upon District Detroit.
The $1.5 billion development plan for the District Detroit is taking a leap forward after Detroit City Council approved a $616 million Brownfield Redevelopment subsidy on Tuesday.