Quote Originally Posted by Lowell View Post
From the same article, here is what District Detroit wants under its Christmas tree.


  • $616 million in Transformational Brownfield reimbursements of state-level taxes over 35 years
  • $133 million in city tax breaks. Those tax revenues would otherwise be captured by the Downtown Development Authority, or DDA.
  • $25 million cash reimbursement to the developers from the DDA for the cost of “infrastructure improvements” for the buildout, specifically road and utility upgrades and creating public spaces. This money does not need to be paid back.
  • $24 million loan from the DDA to be repaid with 1% interest over 34 years to support the construction of deeply affordable housing, so that 20% of the planned 695 apartments would be set aside at below-market “affordable” rates for those whose incomes are no higher than 50% of the area median income, about $31,000 per year for an individual and $45,000 for a family of four.
So.... $182 MILLION DOLLARS from city of Detroit taxpayers and in return they get 139 affordable apartments and some infrastructure improvements. Do I have that right?