DETROIT [[AP) - Detroit's two embattled public pension funds are planning to build a $7.4 million headquarters along the Detroit River.
The three-story, 33,400-square-foot building would be built between the UAW's headquarters and the River Towers Apartments on vacant land zoned for high-rise residential. It would house the pension funds' administrative, accounting and legal operations, with room for 100 parking spaces.
The Detroit Free Press says officials at the General Retirement System for the City of Detroit, the pension plan for retired city workers, and the Detroit Police & Fire Pension Fund have submitted plans.
The City Planning Commission will vote Sept. 17.