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In March of 2023, the city of Detroit approved a tax break for the Illitch family's District Detroit plan, a massive development project aimed at revitalizing the downtown area.
The tax break, which was approved by the Detroit City Council, will provide the Illitch family with significant savings on property taxes for the next 30 years. The savings are expected to be in the tens of millions of dollars, and will be used to fund the development of the District Detroit project.
The Illitch family, who are best known as the owners of the Little Caesars pizza chain and the Detroit Red Wings… City Council Approves Massive Tax Break for District Detroit Project
Detroit Mayor Mike Duggan delivered his latest State of the City address on March 30, 2023, highlighting the progress the city has made in the past year and outlining his plans for the future.
Duggan began his address by acknowledging the challenges that Detroit has faced, including the ongoing COVID-19 pandemic and the city's history of economic decline. However, he emphasized that Detroit has shown resilience in the face of these challenges and is on a path towards renewal.
One of the key areas of focus in Duggan's address was public safety. The mayor highlighted the city's efforts to… Detroit Mayor Delivers Optimistic State of the City Address
Two historic apartment buildings in Detroit, Michigan are being given new life as affordable housing units. The Park Avenue and Strathmore Apartments, built in the 1920s, have sat vacant for several years. However, a local non-profit organization has taken on the task of renovating the buildings to provide much-needed affordable housing for low-income residents in the area.
The Park Avenue and Strathmore Apartments were once a symbol of luxury and elegance in Detroit. Built in the 1920s, the buildings feature ornate architectural details, including intricate plasterwork and stained-glass… Abandoned, Historic Detroit Apartments Given New Life
Carhartt, a global workwear and lifestyle brand, recently announced plans to significantly expand its operations in Michigan, adding jobs and investing millions in the state.
The company is planning to bring new jobs to its Detroit headquarters and three Michigan-based manufacturing sites. The expansion will also add investment of more than $19 million.
Carhartt plans to hire roughly 400 new workers in the state. Positions will range from customer service and clerical roles to engineering and manufacturing jobs.
The proposed expansion is designed to meet the increased demand for… Carhartt Chooses Detroit over Mexico for New Jobs
The east riverfront in Detroit has seen a number of new developments and revitalization efforts in recent years. The centerpiece of these efforts is the Detroit RiverFront Conservancy, which has worked since 2003 to incorporate walkways, parks, and other public space along the riverfront.
The new riverfront includes additional plazas, trails and boardwalks, public art, and green spaces, along with a number of parks, such as Stroh’s River Place and the Detroit RiverWalk, which includes the Dequindre Cut and Milliken State Park. There are also new residential projects, retail and dining… Detroit’s East Riverfront Sees New Developments
In 2000 the last commercial flight landed at Detroit's historic Coleman Young International Airport, known locally as City Airport. In the decades since, the airport has fallen into disrepair and has functioned exclusively as a private airport. There have been persistent rumors about the site returning to its former glory. With every new city administration, there are renewed discussions about making improvements to the once bustling space. Ultimately none of these plans came to fruition. However - a bombshell announcement in October of 2022 may be the news Detroiters have been waiting for.
… Detroit's City Airport to Receive $100 million in Federal Grants
In 2020 the city of Detroit announced the Detroit Housing for the Future Fund. The aim of this new initiative was to preserve affordable housing in the city. The program had a goal of raising $75 million. So far, $48 million has been raised. Earlier this month, PNC Bank committed $7.5 million to the Future Fund. This key investment will allocated to support developments in need of gap financing, according to the Mayor's office. With real estate prices booming throughout the city, the need for affordable housing is at an all-time high. Many neighborhoods especially in the city center such as Midtown… PNC Bank Commits $7.5M for Affordable Housing in Detroit
The housing market continues its upward trajectory even as the COVID-19 pandemic ravages on in the United States. Here in Detroit, the city is witnessing two particular trends in the housing market: low inventory and increasing rents. According to Rent.com, Metro Detroiters are witnessing a 23% increase in rents since the beginning of the pandemic. With skyrocketing demand for quality rentals and not enough inventory, renters are finding it increasingly difficult to secure a new place. Rentals which are listed online are being filled within days of posting. While this is great news for landlords in… Detroit Rental Market Booming
