Comerica Bank Set to Make $3M investment and Reshape Its Presence in Detroit

USIG Staff - February 2017

Comerica is a name very familiar to Michiganders, the Michigan based bank has several locations throughout the Metro area. Of course it is also the namesake of the Detroit Tigers home stadium, the beautiful Comerica Park. Now the company is doubling down in Detroit, announcing a $3M investment and a commitment to reshape its presence in the City. The Detroit Free Press reports that the bank is looking to open new offices and will be working with Henry Ford Health System to open a new cancer center.

The bank also plans on opening a banking center in the upcoming District Detroit project, anchored by the new stadium and surrounding business district. The city is hoping that the District Detroit project, which has significant public funding, will have a huge economic impact on the City’s economy. The stadium is expected to open in late 2017 and will coincide with the opening of the M-1 Rail project, dubbed the Q-Line. The light speed rail line will run from downtown Detroit and spread north for 3.1 miles into the New Center area.