Dan Gilbert is investing over $2 billion in four projects in downtown Detroit. The state is matching that ambition with $618 million of its own.
John Gallagher reports that the Michigan Strategic Fund has approved $618 million in tax incentives for development projects to back up $2.15 billion of investments committed by Dan Gilbert.
The "transformational brownfield incentives" are the largest ever awarded by the Michigan Strategic Fund. They'll help construct four major projects in downtown Detroit.
"The four projects include the site of the former Hudson's store, where Gilbert's Bedrock real estate arm broke ground last December on what promises to become Detroit's tallest building; the nearby Monroe Block, where Gilbert hopes to break ground soon on a series of mixed-use buildings; an addition to One Campus Martius, the former Compuware building; and the renovation of the Book Building and Book Tower on Washington Boulevard," reports Gallagher.
"The projects are expected to create 7,261 permanent jobs and add up to 3.1 million square feet of new office, retail, residential, hotel and civic space to the downtown core," according to Gallagher. The article includes more details about the political support for the move, and the broader hopes for the benefits of the four projects.
FULL STORY: Dan Gilbert gets state OK for $618M in tax breaks for Detroit projects
$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.
Shaping a 15-Minute City Vision for Detroit and Cleveland Using Data-Assisted Modeling
How master plans in the two cities hope to transform their historic, and historically underutilized, waterfronts.
After Changes, New Tower Might Not Be Detroit's Tallest Tower After All
A building under construction at the former site of J.L. Hudson's department store in Detroit will no longer reach 900 feet, as once planned.
Montreal Mall to Become 6,000 Housing Units
Place Versailles will be transformed into a mixed-use complex over the next 25 years.
Planetizen Federal Action Tracker
A weekly monitor of how Trump’s orders and actions are impacting planners and planning in America.
California High-Speed Rail's Plan to Right Itself
The railroad's new CEO thinks he can get the project back on track. The stars will need to align this summer.
Nevada Legislature Unanimously Passes Regional Rail Bill
If signed by the governor, the bill will create a task force aimed at developing a regional passenger rail system.
How Infrastructure Shapes Public Trust
A city engineer argues that planners must go beyond code compliance to ensure public infrastructure is truly accessible to all users.
Photos: In Over a Dozen Cities, Housing Activists Connect HUD Cuts and Local Issues
We share images from six of the cities around the country where members of three national organizing networks took action on May 20 to protest cuts to federal housing funding and lift up local solutions.
Urban Design for Planners 1: Software Tools
This six-course series explores essential urban design concepts using open source software and equips planners with the tools they need to participate fully in the urban design process.
Planning for Universal Design
Learn the tools for implementing Universal Design in planning regulations.
City of Camden Redevelopment Agency
City of Astoria
Transportation Research & Education Center (TREC) at Portland State University
Municipality of Princeton (NJ)
Regional Transportation Commission of Southern Nevada