SmartBuildings Detroit awards almost a half million in grants to downtown skyscrapers
10 buildings in greater downtown will receive energy-saving improvement grants from the Economic Development Corporation (EDC) of the City of Detroit, totalling $447,000.
The grants, capped at $100,000, are expected to leverage $5.2 million in additional building investments from property owners and other sources. In the CBD, Broderick Tower, Chase Tower, the Dime Building and the Madison Theatre Building received sizeable grants to help fund energy-efficient HVAC equipment, among other uses.
Detroit’s EDC is implementing the SmartBuildings Detroit program by way of a $10 million grant from the U.S. Department of Energy to encourage energy-saving improvements to optimize real estate values in the greater downtown district.
Find out more here.
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