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Apr 10, 2023 · Though the Detroit Downtown Development Authority owns LCA, it leases it to Olympia for no charge. Conservatively, the city may lose out on $384 million in general fund revenue over the 48 years by no longer collecting the tax or rent, Bridge’s analysis found.
May 8, 2024 · Incentives designed to create jobs and tax revenue have become increasingly controversial in Detroit as blockbuster developments fail to materialize or live up to their promised economic impact.
Feb 19, 2024 · Detroit City Council could decide this week on whether to approve incentives for part of a $3 billion development in the New Center area that is a collaboration among Henry Ford Health, the...
Jan 31, 2023 · The project is requesting $797 million in tax incentives and reimbursements, which would cover more than half of the estimated cost of the joint venture project. The seven-member DBRA voted to...
- Sarah Rahal
- Detroit City Hall Reporter
The five projects in the development that will get incentives have a $773 million price tag. (The sixth project, the $2.2 billion hospital expansion for the nonprofit health system, did not...
Jan 31, 2023 · Developers are planning 10 new buildings or rehabs and are requesting about $800 million in development incentives. The joint project by the Ilitch organization's Olympia Development and...
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Apr 16, 2024 · State development officials gave a final approval Tuesday to the biggest development incentive for the $3 billion Future of Health development in Detroit's New Center area, clearing the...
