Where it stands?
What is wanted?
What it is?
CLOSE
The DDA funding is contingent upon the approval of a transformational brownfield plan by March 31, 2027.
Where it stands?
CLOSE
Detroit-based Bedrock LLC would contribute about $1 billion, GM would front $250 million and the rest would be publicly financed, including with $75 million from the Downtown Development Authority and an unspecified amount of TBP incentives that would total hundreds of millions of dollars.
What is wanted?
CLOSE
A $1.6 billion redevelopment of General Motors Co.’s former headquarters complex, an iconic piece of Detroit’s skyline along the Detroit River. The proposal includes the demolition of two office towers, freeing up land for new park space along the water. The Marriott hotel tower, Michigan’s tallest building, would have its approximately 1,300 hotel rooms reduced to 858 rooms, with approximately 200 rental units on the top 20 floors replacing the lost rooms. One of the remaining towers would be turned into 384 units of housing, while another would be renovated as modern office space.
What it is?
Waiting on Lansing
These 8 projects are in limbo while lawmakers drag feet on incentives
By David Eggert
