$616 Million in Development Incentives Approved for District Detroit
The “Transformational Brownfield” incentives approved by the Detroit City Council for the $1.5 billion District Detroit still require approval by the state.
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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.
Detroit City Council approved a Transformational Brownfield Redevelopment Plan after weeks of discussions and delays.
The project calls for 10 new and rehabilitated buildings for 1.2 million square feet of office space, 695 apartments, retail spaces, and hotels.
The District Detroit project's biggest subsidy request for $616 million is gradually moving toward a possible City Council vote in March.
The benefits package includes nearly $12 million in new direct spending, including money for apprenticeships and Cass Tech's football field.