The Michigan Economic Develoment Corporation awarded significant tax credits to two downtown developments.
Excerpt from article:
Central Brush Park LLC and 3100 Woodward LLC will
use state and local tax capture valued at $7.2 million and a brownfield
SBT credit valued at $10 million to move forwarded on two
related developments in downtown Detroit. In combination, they
will create 347 housing units in addition to commercial and retail
space. The developers will invest $112 million in the project, which is
expected to create 75 jobs.
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